Tag Archives: economic austerity

Public Debt


This week on Facebook: As I posted in Cassandra on debt and as I had previously conclude in my 2013 post Crisis and Credit, the issue of public debt is used as an excuse for a fiscal policy of austerity measures, yet it is private debt that is behind the fiscal crisis. The State (particularly in the UK) does more to encourage private debt than to control it. Conversely the State continues with its fiscal policy of increasing public debt¹, something that I wrote about in Debt, the prolific mother (2012). Read more of this post

Debt, the prolific mother.


Debt is the prolific mother of folly and of crime – Benjamin Disraeli

The Market Oracle has published an article focussing on Britain’s debt dynamics. With the title  Bank of England Cancels Britain’s Debt, Budget Deficit Crisis is Pure Propaganda  it deals with the political propaganda declarations for economic austerity by the Coalition government. Whilst the Labour party takes the opposite line, the reality is that there has been no real net economic austerity in Britain, as there has been no cut in government spending and hence the deficit continues to expand by about £120 billion per year. The reality is that the UK is immersed in an exponential inflation trend that results in the stealth theft of wealth to finance government spending for the purpose of buying votes. Read more of this post

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The Land Is Ours

a Landrights campaign for Britain

The Bulletin

This site was created for members and friends of My Telegraph blog site, but anyone is welcome to comment, and thereafter apply to become an author.

TCWG Short Stories

Join our monthly competition and share story ideas...

The Real Economy

Blogs and stuff from Ed Conway

Public Law for Everyone

Professor Mark Elliott

Bleda

Am I my Brothers keeper?

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