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Charles Adams — Fiscal policy is a matter of life and death

Summary:
MMT. And he also talks about rent extraction! "So why are UK politicians obsessed with balancing the books rather than helping their citizens to lead healthier lives? The answer seems to be that the many UK politicians are strongly influenced by the desires of a powerful financial sector. While a finance sector is important, it is also predominantly a rent extraction industry. It mainly acquires wealth either on the backs of other people’s labour or their debts (interest). Progressive Pulse (UK)Fiscal policy is a matter of life and death Charles Adams | Professor of Physics at the University of Durham ht Ralph Musgrave Charles Adams also teachers econophysics.

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MMT.

And he also talks about rent extraction!
"So why are UK politicians obsessed with balancing the books rather than helping their citizens to lead healthier lives? The answer seems to be that the many UK politicians are strongly influenced by the desires of a powerful financial sector. While a finance sector is important, it is also predominantly a rent extraction industry. It mainly acquires wealth either on the backs of other people’s labour or their debts (interest).
Progressive Pulse (UK)
Fiscal policy is a matter of life and death
Charles Adams | Professor of Physics at the University of Durham
ht Ralph Musgrave

Charles Adams also teachers econophysics.
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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