Thursday, 7 November 2019

The Real Anti-Vaxxers

How does Sajid Javid propose to pay for his own enormous increases in public spending? In the way that, for example, all wars have always been fought and always will be. Like John McDonnell, he understands perfectly well that a sovereign state with its own free floating fiat currency has as much of that currency as it chooses to issue to itself. It literally cannot run out of money.

Both fiscal means and monetary means exist to control inflation, and to encourage certain forms of behaviour while discouraging others. What those forms of behaviour are to be, and how much inflation is to tolerated or sometimes even encouraged, are the stuff of political choice, so that both fiscal policy and monetary policy must be subject to democratic political control. 

But taxation is not "where the Government's money comes from", that money is not "taxpayers' money" as such, there is no factual basis for the necessarily reversible cry of "no taxation without representation", and everyone understood all of this until the still quite mysterious emergence of a First Lord of the Treasury who thought that it was all to do with being a housewife, something that in any case she had arguably never really been.

Javid and McDonnell both know this. But neither of them will say it. They are both the anti-vaxxers here. Another hung Parliament is coming, however, and we need our people to hold the balance of power in it. After nearly 30 years of suggestion, speculation, and even a sort of preparation, I am standing for Parliament here at North West Durham. The crowdfunding page is here, and buy the book here. Please email davidaslindsay@hotmail.com. Very many thanks.

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