Richard Murphy says:
October 18 2017 at 2:06 pm
No we have not used up all our fiscal tools
Nor have we used up all our monetary tools, by a long way
We have just delivered low interest rates that reduce rentierism in the economy
When looking out of the other stump holes The Sage tells us that low interest rates have just increased asset values increasing the value of the rentiers’ capital stock.
And we have all noted how buy to let has fallen alongside those low rates, haven’t we?