‘Fiscal rules are for sensible fools’ - coming later today. Unfortunately, AB fits the category to a tee.
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frapacioli
‘If the first rule of democracy is “Learn how to count”, perhaps the first rule of economics should be “Learn how to account”.’ https://substack.com/@frapacioli?r=7dnd50&utm_medium=ios&utm_source=profile&shareImageVariant=image
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New post: The relationship between capital, plutocracy and populism mainlymacro.blogspot.com/2026/07/the-... Right wing populism is generally very bad for the economy and business. Yet populist governments are almost always supported by an oligarchy or plutocracy.
The relationship between capital, plutocracy and populismIn a recent post, where I discussed the Conservative party’s newfound opposition to net zero, I noted that one attraction that switch had ...mainlymacro.blogspot.com
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"Political capital" is a scarcity frame. A currency issuer doesn't need to ration spending on social care, it needs to decide it's a priority. The NHS doesn't collapse from lack of pounds; it collapses from policy choice. #MMT #Economics #UKPolitics
https://www.theguardian.com/society/2026/jul/27/andy-burnham-vows-to-use-his-political-capital-to-fix-social-care-systemwww.theguardian.com‘Fiscal rules are for sensible fools’ - coming soon.
Prem SikkaAny Burnham says he will stick to "the existing fiscal rules". Rules which neutered the state & delivered Potholed roads PFI infrastructure Huge NHS queues Privatisations Poverty Deindustrialisation Lower healthy life expectancy Low investment in productive assets and low productivity Must change.
The inconvenient truth is that far too many people ignore stuff like this UNTIL IT *PERSONALLY* SMACKS THEM IN THE FACE.
Prof. Eliot JacobsonBreaking News! Code: Bonkers! As of July 25th, the Nino 3.4 sea-surface temperature is officially "bonkers," at more than 2.3°C above the 1991-2020 baseline and 0.70°C higher than the previous daily record. The Climate Casino is taking the Over on 2.5°C by August 1st.
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Andy Burnham cabinet consists of neoliberal foot-soldiers. All supported Privatisation of the NHS by stealth Greater role for private equity PFI Corporate profiteering Benefit cuts Higher taxes on the poor Erosion of jury trials Damaging fiscal rules What will change?
Andy Burnham can’t transform the country while sticking to the current fiscal rulesSticking to the 2024 election manifesto and fiscal rules will make it harder for him to deliver the headline promises and the change that he has paraded.leftfootforward.org
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Elon Musk, owner of X, has called the editor of the Economist "a traitor to the West, plain and simple" after her recent interview with him. He now argues that "anyone who opposes remigration is a traitor" Musk has been socialising violence since Aug25: "fight or die, that's what it comes down to"
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I have been saying for a while that we are going backwards Here is the latest grim evidence app.wedonthavetime.org/posts/c374dd...
⚠️ The Fossil Lobby Is Winning: 45 Climate Policy Reversals in One YearLast week I wrote on LinkedIn: I have been following climate politics for a long time. I do not think I have ever felt this upset. As the climate crisis accelerates, our leaders are not accelerating c...app.wedonthavetime.org
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Cities dismantled their tram networks to become “motor cities of the future”. The result? You could travel further within 30 mins via public transport in 1957 than you can in 2026. Cities are seeking billions to rebuild networks. Incredible piece of work this.
The ExchangeIf you stood on Briggate at 8am on a weekday in 1957, and stood there again in 2026, in which year could you reach more of the city in half an hour? Samuel Bancroft has crunched the numbers. Since the 1950s, Leeds has got bigger - but the city has effectively shrunk.
