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Bonds Pay For Themselves — NeilW

Summary:
I note that the Hard of Accounting are out in force again pushing their fallacious line that Taxes Must Rise because we decided to use government to save the economy in the face of a nasty pandemic.There must be Fire and Brimstone. The Sin must be Purged.Clueless idiots the lot of them - particularly those at the ironically named Institute for Fiscal Studies who really ought to know better. (If they do study Fiscal they don't do it very effectively).This is how it works in reality.... New Waylnd BlogBonds Pay For ThemselvesNeilW

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I note that the Hard of Accounting are out in force again pushing their fallacious line that Taxes Must Rise because we decided to use government to save the economy in the face of a nasty pandemic.

There must be Fire and Brimstone. The Sin must be Purged.

Clueless idiots the lot of them - particularly those at the ironically named Institute for Fiscal Studies who really ought to know better. (If they do study Fiscal they don't do it very effectively).

This is how it works in reality....

New Waylnd Blog
Bonds Pay For Themselves
NeilW
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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