MarshaBradyo Tue 17-Mar-20 06:34:44
On R4 you cannot pump demand and spending.
Yes you can. Put QE where it will make a difference to ordinary people. Professor Steve Keen (watch his interview with Renegade Inc last week) posited, and has done for years, that QE going to the banks and large corporations only inflates asset prices. Issue what Steve called a Corona bond, the banks will buy them, then put £500 in every bank/building society in the UK, stipulating that rent/mortgage and other utilities come out of it first, after which the money could be spent on anything.
Every time I've explained this idea I got told it was "the magic money tree", which in a way I suppose it is. The reason Greece went tits up in 2010 is their Central Bank had to stick to EU rules. We don't, we have central bank who can print as much money as they like, which they do, but Osborne's economic plan was solely to protect asset prices, and it only worked for those who own tangible assets.
@squid4 I spent Sunday and Monday at Addenbrookes. I'm lucky a friend of mine asked if I needed a lift. We arrived at A&E at about 1350 and it was deadly quiet. About 1415 my cannula was fitted and they took bloods. after about 15 minutes the nurse brought along a wheelchair, told me to sit in it and raced along corridors to Resus and spent an hour pumping 2 litres of fluids into me. Every member of staff, not just the nurses etc treated me with the utmost respect.
About 6 hours after I'd staggered through th door I was on a ward with 7 beds, all of which were empty. I thought 'great, I'll get a decent night sleep'. Wrong, never slept a wink! :o
I love the NHS, it's brilliant, it's just a shame that our government is busily asset stripping it and lying about it.Also, I believe many new contracts are being awarded to for profit companies, the worst of which was a team of motorcyle volunteers who delivered blood all over the country. The only recompense they got was petrol money. This contract was awaded to a private company for megabucks.
And don't forget Hinchinbrooke, which had to taken back into the NHS.
I would like you and every one of your collleaguesto know is owed a massive thank you every time you look after one of us ordinary people. So @squid4, thank you thank you thank you. 