The money to pay for our children’s missing education could be created out of thin air, at zero cost both now and in the future and it need never be repaid, because, well, it would simply be new money. And there would be no inflation resulting from it. So why not, Rishi Sunak?
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Of course you don’t have to be a sociopath to want to bring back austerity when it’s totally unnecessary. But it’s very hard to find another explanation.
That there won’t be inflation is too strong a claim. But it’s the other bit that fascinates. Austerity is now defined as not spending ever more?
If I were doing it I would swallow the eye watering costs- and disburse the money through individual education accounts so that parents could employ private tutors.
Actually I’d switch the entire education budget to that system.
The money to pay for our children’s missing education could be created out of thin air, at zero cost both now and in the future and it need never be repaid, because, well, it would simply be new money.
This is the sort of statement you save for later use at the competency hearing.
To which the question must be asked, if money can be created out of thin air by governments, how are there any poor countries?
This made me laugh.
Pilgrim Slight Return says:
June 2 2021 at 8:20 pm
We have used one to one tutoring for our two children whilst doing their GCSEs usually in Maths, Languages and Music.
It’s expensive but worth it. It means less wine or visits to the pub and other treats. After tax I’m below the median wage by the way.
But the median wage is measured before tax. Bourgeois c**t.
Creating the money to pay for it is the easy part. The hard part is getting the teachers to work more than 30 minutes to earn it.
The pot of money mostly goes to them. The less hours they work, the better their rate of pay. Throwing more money at the problem just makes their hourly rate higher.
In the real world devoting resources to children’s education either costs nothing extra – when you recall teachers from their paid holidays – or a lot when you pay to divert resources from some other function. Murphy seems to believe that printing money creates food and books and computers and lorries to deliver them out of thin air.
Or he’s a liar.
And he doesn’t know what austerity means (the largest peacetime budget deficit in history? – I don’t think it means that).
Or he’s a liar.
“The money to pay for our children’s missing education could be created out of thin air”
No. What children’s education needs is teachers in classrooms with textbooks etc, and those things cannot be created out of thin air.
What I don’t get is that teachers continued to get full pay for the period when the education was supposedly missing, so why do they require additional pay to get the kids caught up? Surely they already owe that work to their employer?
@ samuelbuca
Public sector workers are paid by the hour, not in any way that relates to actual output.
Yes, this does mean that the minority who are dedicated and hard-working are underpaid.