Birdwatch Note Rating
2024-10-24 17:19:10 UTC - HELPFUL
Rated by Participant: B45C0CA5C3AA0E3DD15A4C653080E6E9DE9426FB82E49A40D3B5087B161BA858
Participant Details
Original Note:
Gov deficit = private sector SURPLUS: gov spends 100, taxes 80: the prv sector keeps 20 There is thus no hole UK issues two types of points on a spreadsheet: GBP and bonds, and swaps these on demand (“repayment”) It sets interest on its own debt, via the BoE youtu.be/GHnW_V5dfu0 youtu.be/TDL4c8fMODk http://www.latimes.com/opinion/op-ed/la-oe-kelton-pony-for-all-20170929-story.html https://mobile.nytimes.com/2017/10/05/opinion/deficit-tax-cuts-trump.html?_r=0&referer= https://thebaffler.com/salvos/the-money-printers-denison
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