Dr David Clements

RT @[email protected]

Economics is counter-intuitive. For every pound a government spends on public services, national infrastructure, the NHS, the wider economy benefits by many times that. This how you boost an economy. This is how it was boosted after WWII. Tory ideology blinds them to the evidence https://twitter.com/BeckettUnite/status/1604415068245999616

🐦🔗: https://twitter.com/marcuschown/status/1604424079242448896

Howard Beckett on Twitter

“Giving public sector workers the pay-rise they deserve would immediately boost GDP by 1%. Ordinary people spend their wage. That money would come back into the UK economy in a blink. Unlike the rich who snaffle their cash off to offshore accounts.”

Twitter
Dec 18, 2022 at 2:15pmWeb
Show threadSimon ZerafaDec 18, 2022

@davecl42

They are too busy trying to keep some of that money for themselves, their friends, family and bootlicks to remember that any currency needs to flow to be useful.

Show threadSean Eric FaganDec 18, 2022

@davecl42 It's not all that counter-intuitive at all: a healthy economy has a sizable portion of churn, or froth -- money exchanging hands. Like a good pint, you want a solid base of savings, and then a healthy topping of froth.

All your economic policies should be aimed at producing a beautiful, delicious pint of Guiness.

Show threadShane LewinDec 18, 2022
@davecl42 This also applies to un on this side of the pond. Also, infra investments today create thriving economies 8 years from now. Electric grids create conditions for energy investments later; chip manufacturing incentives today won’t bear fruit for decades. Subsidizing todays instead of innovation to tomorrows is a high interest loan future us had to pay back. Our policy was once lesss shortsighted.
Show threadAlakestDec 18, 2022

@davecl42 "blind" is the most charitable supposition.

It's *at least* as likely they recognize that it's easier to exert their will over others when those others are denied the resources to do anything except comply.