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I think it’s you that we need to chat to, not each other. What would it take for you to re-think the way the UK economy actually works now?

We could give kids good meals anyway, tax doesnt fund school meals - or anything that central government provides

As I mentioned, it’s the real resources available that are the key. Also, taxation is only one tool that can be used to control inflation. It’s main role is to make sure people use the currency.

Completely wrong, governments with their own sovereign currency neither need to tax, nor borrow to fund public services. They are nothing like a household. If you don’t believe me, I suggest you read Professor Stephanie Keltons best seller “The Defecit Myth”, or Warren Moslers “Seven Deadly...

Not just me, as well you know, thousands of economists throughout the world, including, for example, Senator John Yarmuth head of President Bidens budget committee

Yes it is that simple. The only constraints are the actual resources. And yes it has been done before - mobilisation of resources for the second world war as laid out by the economist John Maynard Keynes in a BBC broadcast and Listener article in April 1942 “ I am sure there have been many...

They can do this without waiting for the economy to grow. Central government can kick start the economy by investing in the NHS and public infrastructure. It’s economically illiterate to suggest otherwise

Tax doesn’t pay for student loans nor do the payments to the students loan company as they’re not loans, but another type of tax.

Why do you think what the Rochdale Labour candidate What the Labour candidate said was antisemitic? It’s possibly incorrect but why antisemitic?

Indeed, but only partially true, as I have pointed out many times on this site, I know to the exasperation of many, tax and national insurance contributions don`t fund any government expenditure. The basic assumptions made in the Guardian artilce are wrong. The national exchequer doesnt operate...

The government can create as much money as it likes as long as it doesnt cause inflation. The real issue is whether there are enough resources available. Its usually the resource contstraints that cause inflation.

If only Starmer did acknowledge Modern Monetary Theory`s insights into the way government finances work, UK economic policy could be much more sensible. We "print" money whenever the government spends, in the main by keystrokes on a computer, which happens every day and is separate process...

QE didnt rescue the banks. It was a pretty pointless exercise in swapping interest bearing bonds for bank reserves.

Indeed it was beyond crass. It was competely economically illiterate'' as government finances cannot be compared to a household budget because it is not a currency user but a currency issuer. Central government is more akin to the score keeper in a cricket match who can neither have or not have...

Unfortunately, though, shes not a "sensible" economist.

Tax: Great, Im glad you agree with me that we dont need the wealthy`s tax to fund progressive programmes,. We dont have to wait for socialism to be achieved, however, before we start spending the money that only a sovereign currency issuing government can create. Even a socialist government...

Seemingly he doesnt, or as some have suggested, he had an alterior motive. As you obviously know more about this than I do, can you explain why the purpose of quantative easing, in Draghis words is to "you basically substituted bonds with cash, and therefore banks, at that point, will have more...

Re your points:- 1. Do you then accept then that tax doesnt "fund" government spending and that we dont need the wealthy`s money to perform this function? 2. Draghi was wrong. For some reason he was assuming that banks would be more likely to lend because QE increased their reserves. He seems...

Then youd go to prison for fraud - but as i said government finance is not like a household or an individaul or firm who are users of a currency. The currency issuer is like the scorer in a cricket match who can never run out of points to award.

If your talking about QE - that mostly went into bank reserves and actually achieved very little. Banks dont use reserves for investing in the stock market.