In the UK, the Tories have slashed NHS funding, public housing and social care, policing, libraries, arts – even school dinners – on the grounds it was unaffordable. But it was comfortable spending £142 million per year subsidising the defence force (including the promotion of arms exports), and another £18 billion in corporate tax cuts for the private sector, and £120bn building a bloody great bridge to France.
We are at a critical stage in the ‘end-game’ of a monetary system in desperate need of reform, but the government has neither the stomach nor the spine for the job. So instead Uncle Sam is coming after your taxes. Mark GB on why growth and progress is about to run off a cliff.
Treating federal budgets like that of a household has starved economies of precious resources and has facilitated unprecedented levels of private and household debt. Editor-in-chief Claire Connelly explores the consequence of this logical fallacy in an excerpt of her upcoming book, How The World Really Doesn’t Work.
Tarek El Diwany explains the beginning of manufactured money.
David Morgan explains why he doesn’t believe the Western world will experience a hyperinflation.