New Prime Minister seems to be keeping her promises, though so far the 'experts' aren't happy.
https://www.wsj.com/articles/the-uni...hare_permalink
New Prime Minister seems to be keeping her promises, though so far the 'experts' aren't happy.
https://www.wsj.com/articles/the-uni...hare_permalink
"The government is a child that has found their parents credit card, and spends knowing that they never have to reconcile the bill with their own money"-Shannon Churchill
Very nice. Two things...
But conservative...Mr. Kwarteng axed the 2.5-percentage-point increase in the payroll tax imposed by former Prime Minister Boris Johnson, and canceled a planned increase in the corporate income tax rate to 26% from 19%.
And...
United States early 80s. Volcker had already been doing the tightening but some supply side growth really gave another purpose for all those dollars floating around. Let's see if it works and then if the Republicans can take note and rise above the bickering.Every other central banker in the developed world would probably love to be in Mr. Bailey’s shoes right now. As they have tightened monetary policy to combat inflation, they all beg their political counterparts to enact supply-side pro-growth policies to ease the recessionary impact of tighter money. Mario Draghi said it in every speech when he ran the European Central Bank. Mr. Bailey has a Prime Minister who’s actually doing this, and all he can do is complain.
"when socialism fails, blame capitalism and demand more socialism." - A friend
"You know the difference between libs and right-wingers? Libs STFU when evidence refutes their false beliefs." - Another friend
“Don't waste your time with explanations: people only hear what they want to hear.” - Paulo Coelho
“When bad men combine, the good must associate; else they will fall, one by one, an unpitied sacrifice in a contemptible struggle.” Edumnd Burke
“When bad men combine, the good must associate; else they will fall, one by one, an unpitied sacrifice in a contemptible struggle.” Edumnd Burke
"when socialism fails, blame capitalism and demand more socialism." - A friend
"You know the difference between libs and right-wingers? Libs STFU when evidence refutes their false beliefs." - Another friend
“Don't waste your time with explanations: people only hear what they want to hear.” - Paulo Coelho
Didn't last long:
https://hotair.com/jazz-shaw/2022/10...arners-n500468
"The government is a child that has found their parents credit card, and spends knowing that they never have to reconcile the bill with their own money"-Shannon Churchill
"The government is a child that has found their parents credit card, and spends knowing that they never have to reconcile the bill with their own money"-Shannon Churchill