Lumpenanalyst"The mechanics of government #finance, from how the Bank of England operates...to how sterling assets circulate through the #FinancialSystem, are not taught in #schools or explained in most political commentary. The gap in understanding serves a purpose."
https://vincegomez.com/articles/the-bond-market-bluff/
https://vincegomez.com/articles/the-bond-market-bluff/
The Bond Market Bluff
Every time someone in British politics proposes funding public services properly, the bond markets get wheeled out like a loaded gun. Spend more on the NHS and the markets will panic. Hire more teachers and investors will flee. Suggest running a larger deficit and the warnings become apocalyptic: the UK, …