Our favourite retired accountant was one of the contributors to the Green New Deal thing announced on Monday.
One of the things they recommend is that there should be capital controls so that the money needed for all their green investments can be found.
The UK has been running a trade deficit for some decades hasn\’t it? The UK has therefore been running a capital account surplus for some decades.
That is, that foreigners send us money to invest in things in the UK.
So, we\’re going to increase the amount of money available for investment in the UK by insisting that Johnny Foreigner cannot continue sending money to invest in the UK?
Sounds like a plan, eh?