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@llewellynsteven @tonywestonuk @NahMateUK Finance is productiev it acts as a filter in to producive assests. What do you think they do with that credit sit on it and let it lose value?

@whhemp @tonywestonuk @NahMateUK Not really. From 1990–2007, most new debt went into housing and finance, not productive investment — especially in the UK. That’s why growth was credit-driven and fragile.

If the government: Spends £1b, Tax's £900m, Sells £100m in bonds, This is 100% in accordance with MMT. This is happening right now. Obviously. No money printing happening here. David wants you to think MMT is something we currently do not do.

@llewellynsteven @tonywestonuk @NahMateUK Assets!

@llewellynsteven @tonywestonuk @NahMateUK Yes debt was cheap but bad debt was shifted into more productive ones.

@BBCNews B O Y S

@MrCoryB @campbellclaret You know there’s no evidence Barron made the trade?

Corruption Inc

@llewellynsteven @tonywestonuk @NahMateUK Yes they can but also in many cases aren’t especially when it comes to renewable development.

@whhemp @tonywestonuk @NahMateUK Capital spending on things the private sector under-provides: * Infrastructure (roads, rail, energy) * Education & skills * Healthcare capacity * R&D and innovation These often: * Boost long-term growth * Enable private sector activity * Pay back more than they cost over time

@llewellynsteven @tonywestonuk @NahMateUK Subsidy isn’t a good product we should be investing in rather we should deregulate to allow for the private sector to build more of all energy resources.

@whhemp @tonywestonuk @NahMateUK Who says disability has increased over the last 5 years is not justified? Carbon capture is a joke, but we should increase our use of renewable power; we need to diversify further.

@llewellynsteven @tonywestonuk @NahMateUK An inability by government to stop benefits becoming a lifestyle choice in ways for some of the heavy increase in disability benefit. Yes but I don’t agree with you that the state is required to force that renewable energy into the grid a product which requires consistent

@llewellynsteven @tonywestonuk @NahMateUK Absolutely and that is a valid point but in my view to say in the last 5 years people have become so sick on mass that it has cost DWP 50 billion is in my opinion absurd and characterised most likely by a decline in in person consultations to approve the benefits and

@llewellynsteven @tonywestonuk @NahMateUK Thanks for the link. That doesn’t make it necessarily wrong???

@whhemp @tonywestonuk @NahMateUK Here is the paper leeohanian.com/New%20Deal%20P… Only 6% percent of economist agree with this paper en.wikipedia.org/wiki/Causes_of…

@llewellynsteven @tonywestonuk @NahMateUK Yeah it was bad debt (in both cases) but the good thing about the private sector is that unlike government it self corrects.

@whhemp @tonywestonuk @NahMateUK You basically want the private sector to go into more debt. Why don't you have a look at what happened to private debt leading up to the 2007 financial crisis? And then have a look at what private debt did in the lead-up to the 1929 crash.

@llewellynsteven @tonywestonuk @NahMateUK It is far less spending and foccusing on private sector involvement but yes in principle it’s moving towards the individual and eliminating role of state.

@whhemp @tonywestonuk @NahMateUK Okay, that’s clearer—but this isn’t “less government”; it’s shifting risk from the state to individuals.

@llewellynsteven @tonywestonuk @NahMateUK Absolutely It was from ucla I found a link for you here. historynewsnetwork.org/article/fdrs-p…

@whhemp @tonywestonuk @NahMateUK Can you please link to the study?

@MaySting1 @ReemAmirIbrahim The judge said Carroll’s allegations met the legal definition of rape for the civil case, but that’s not a criminal conviction. Civil cases use a lower standard (“more likely than not”), so he was only found liable for sexual abuse and defamation, not criminal rape.

@whhemp @ReemAmirIbrahim This is PAINFUL.

Nigel Farage wants to repeal the smoking ban. This is excellent! The ban infantilises the adults of the future. It is immoral.

@llewellynsteven @tonywestonuk @NahMateUK Increase in disability in the last 5 years to warrant an extra 50 billion of spending. Freezing all benefits whilst income tax thresholds are frozen. Zero net zero spending ie carbon capture. Reducing capital spending as it’s inefficient.

@whhemp @tonywestonuk @NahMateUK What is less, please tell me? No healthcare, no support when you lose your job, no education, no security, etc? Just like with Brexit, what does it really mean?

@llewellynsteven @tonywestonuk @NahMateUK Good point but the study measured the effect of the new deal policies specifically which extended the depression by 7 years. Also away from the study hoover did begin later on in his presidency to become more interventionist.

@whhemp @tonywestonuk @NahMateUK Because Herbert Hoover did not believe in government intervention, nothing changed until Franklin D. Roosevelt came to power in 1933, 4 years after the Great Depression began!

❌No, Brexit has not hit GDP by 8%. ❌No, joining the Customs Union is not a good idea. ❌And no, taking economic regulations with no say is not a benefit. 💡Make this nonsense stop.

@llewellynsteven @tonywestonuk @NahMateUK But I was arguing for less government not no government?

@whhemp @tonywestonuk @NahMateUK The USSR comparison isn’t really relevant either — no one’s arguing for abolishing markets, just that a mixed economy is more stable than a pure laissez-faire one.

@llewellynsteven @tonywestonuk @NahMateUK That’s another extreme so similar to my argument about the ussr unfair everyone was poor and thus lacked their own resources to weather the storm.

@whhemp @tonywestonuk @NahMateUK Go have a look at how things worked before 1900.