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.New Waylnd BlogThere 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....
Bonds Pay For Themselves
NeilW