Public finances fail stress tests set for banks, says watchdog

Media Fail

Public finances fail stress tests set for banks, says watchdog

Risks from weaker growth, likely recession, higher interest rates and inflation A country that is the sole issuer of its own currency can never have it’s central bank fail. Applying stress tests to sovereign state with central bank is nonsense https://t.co/MfDKgWcv6u — Daniela Gabor (@DanielaGabor) July 14, 2017 Source: Public finances fail … Continue reading Public finances fail stress tests set for banks, says watchdog

Why do politicians continue to push the zombie creed of austerity?

Why do politicians continue to push the zombie creed of austerity?

The fiction of financial constraint perpetuated by the budget allows authority figures to treat us like children – but it’s time we understood the facts The government doesn’t operate like a household budget. Every penny the government spends but doesn’t take back in taxes is equal to every penny the private sector, … Continue reading Why do politicians continue to push the zombie creed of austerity?