Monday 18 May 2020

The Economy Stupid

Otherwise known as that Dodds person, Keir Starmer's donkey. 

One part of the State has lent a closely connected part of the State a small proportion of what it did to bail out the banks in 2008.

It has done so at less than one per cent interest, and to be repaid at the discretion of the debtor. 

That debtor has the power to shrink the debt by devaluing the currency, as also happened after the Great Crash, although with vastly more money involved in that case. 

There is nothing to worry about here. Nothing at all.

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