The media is astonishing today in its barrage against Jeremy Corbyn. Presenters repeatedly state that to oppose nuclear weapons and foreign wars is “weak”, as though that were undeniable. Spending quantitive easing on public infrastructure is “inflationary” and “irresponsible” – and these are the presenters not the guests. Why simply handing quantitive easing money to the bankers is not inflationary or irresponsible is not explained.
I would claim to have got there on “people’s quantitive easing” before hearing that phrase. 42 months ago I published
It is beyond doubt true that the effect of creation of new money is to reduce the value of currency already in circulation. The effects will show through in inflation and the exchange rate. Of course, those will continue to be affected by other factors as well, which is why there are better and worse times to do it. But in effect Q.E. is still a transfer of wealth from those who hold any of the currency to those given the new stuff. In other words, more cash from you to the bankers.
Actually if QE had been used genuinely to stimulate the economy it would have been a marvellous thing. With £350 billion we could have built an enormous amount of social housing on brownfield sites, converted derelict high streets into housing, built the Severn barrage and a high speed rail link from London to Aberdeen and still have had change. We could have reopened the steel industry to do it. a thousand manufacturing firms could have been re-tooled. Millions could have been employed. The entire logic of economic depression could have been turned around.
Instead we gave more cash to the bankers.
Progressive opinion catches up with me eventually. In another decade or more likely two, mainstream journalists might catch up as well.
Ba’al Zevul
13/09/2015 8:11pm
I apologise for nitpicking. But someone pointed out before that it is the Chomsky/Herman propaganda model. Indeed, it is Edward Herman himself who is interviewed in your link.
Edward S Herman is a brilliant radical in his own right and his works independent of Noam Chomsky (frequently in collaboration with others) are hugely rewarding. He has been even more savagely attacked in recent years due to his positions on the former Yugoslavia, Kosovo and Rwanda.
http://www.thirdworldtraveler.com/Herman%20/Edward_Herman.html
http://musictravel.free.fr/political/political.htm
Kind regards,
John
that is really presumptuous of you!
Wishing for power is not the most scientific method of power generation!
PS Question; what kind of batteries power the satellites and the space assets?
Exaro responds to Harvey Proctor news conference.
http://www.exaronews.com/articles/5655/analysis-why-police-continue-to-investigate-claims-by-nick
Kind regards,
John
That is really presumptuous of you!
Wishing for power is not the most scientific method of power generation!
PS Question; what kind of batteries power the satellites and the space assets?
Answer; nuclear batteries.
Messages on Medialens 🙂
Lewis out
Corbyn’s first great act. Ivan Lewis, MP for Israel and Blair Central, removed from post
~~~
Here’s one of his pre-vote smear jobs on Corbyn.
http://www.newstatesman.com/politics/2015/08/i-cant-all-conscience-vote-jeremy-corbyn-i-will-be-using-all-my-preferences-stop
~~~
New DBS/Yougov poll has Sanders 10 points ahead of Hillary in Iowa (margin of error 4.4%) and 22 (!) points ahead in New Hampshire (margin of error 5.1%). http://www.huffingtonpost.com/entry/polls-bernie-sanders-hillary-clinton-iowa-new-hampshire_55f59fb9e4b063ecbfa4a816
CBS/Yougov, that should have been.
“Anon1 would just love to see race riots break out in Germany.”
A silly comment Mary, even by your standards. You’ll remember that Frau Merkel, having heavily promoted Germany as a free-for-all migrant destination, declared that a Europe with border restrictions was not the “Europe we want” (she wants). Less than two weeks later, Germany reinstated border controls with Austria. And attempted to humiliate Hungary. Riots are the last thing I want to see, Mary.
“Fedup, I hardly think Iran need to worry about running out of oil, anytime soon, so I’m not so sure that’s the reasons behind building nuclear power plants.”
Saudi Arabia has a lot more oil than Iran yet they are building nuclear power plants.
The reason is that they wish to advance and they will need a lot more water, desalination plants use a lot of electricity.
“What’s with this insulting term Corbynistas used by the trolls? Would they like Cameronistas?”
No mind at all – but why is it insulting should be honoured to follow the Sandinistas.
“Lewis out
Corbyn’s first great act. Ivan Lewis, MP for Israel and Blair Central, removed from post”
Clear that someone hasn’t been listening to Corbyn’s line on party unity and inclusiveness – nothing like a good old witch hunt eh Mary!
Pan
The Creative flow/possess/ you mentioned, pushing forward. Kinda willing yourself to find new areas of understand or exploration.
I was just noting how it’s the same as creative panting. Sometimes things can look very messy for a time, and that’s fine, keep pushing and find a deeper level or new insight/path.
Republicofscotland First and foremost nuclear industry are the vanguard of the development as we speak. It is akin to the steel production in yea old world! The developments in nanotechnology are direct result of nuclear industry. Furthermore, given the various refined isotopes of various metals are a pretty lucrative products in demand worldwide.
The bad wrap of the nuclear industry is entirely due to the military applications and the primitive fears thereof.
Iranians are manufacturing their own anticancer drugs that they need due to the gas attacks of Saddam on their people during the long Iraq Iran war.
In case there’s any question that Corbyn’s rejection of impunity poses existential threats to the US regime,
https://consortiumnews.com/2015/09/12/us-war-theories-target-dissenters/
Corbyn is a national security threat, Cameron says so. Corbyn’s supporters should take precautions lest CIA send him on a hike with Robin Cook.
“Quantitive Easing” or “Quantitative Easing”? Most sources seem to use “Quantitative”. John
“Corbyn’s first great act”
We may end up with a shadow cabinet comprising LFoGB members only.
“Quantitative Easing”
lol, That term, sounds so nice, I imagine similar wording is given to lethal injection recipients..
Anon1: “ Riots are the last thing I want to see, Mary.”
BS. That’s exactly what your sort would love to see, which is why you and fellow nazis peddle racist lies all the time.
John
I used to use quantitative, but then changed to quantitive as consensus on this blog was I was wrong. I prefer quantitative in truth.
Ishmael
13/09/2015 8:54pm
Sounds more like a discreet laxative medication to me.
Kind regards,
John
It seems fitting that the BBC has the great J B Prestley’s “An Inspector Calls” on tonight. A socialist classic – though an appalling adaptation that destroys the brilliantly claustrophobic atmosphere choking in on the capitalists.
Thank you, Craig. I did not know it had been argued out before.
I must say I prefer quantitative too, and it seems to be what everybody uses. But I don’t want to relitigate old decisions!
Kind regards,
John
“I used to use quantitative, but then changed to quantitive as consensus on this blog was I was wrong. I prefer quantitative in truth.”
I don’t think precise spelling it too important just so long as nobody has a clue what you are talking about.
I think it’s quantitative:
http://www.thefreedictionary.com/quantitative+easing
Sharper than a serpent’s tooth.
‘Analysis by BBC Political Editor Laura Kuenssberg
There are problems everywhere for Labour’s new leader. He has always been an outsider, an insurgent in his own party.
How can he expect loyalty from his colleagues, unite the party, when he has rarely displayed it himself?
MPs have been discussing ousting him for weeks. There will likely be initial faint support from most. Don’t expect a rapid coup.
But don’t doubt most smiles behind him at the despatch box will be through gritted teeth.
And shadow ministers’ resignation letters have already been written.’
Question to Ms. Laura Kuenssberg – BBC Political editor
Posted by The Editors
September 13, 2015,
‘Re: http://www.bbc.com/news/uk-politics-34234442
Ms. Laura Kuenssberg.
On the referred page, you state “And shadow ministers’ resignation letters have already been written.” Assuming what you wrote is true, I’d like an explanation of how you know it’s true.
Have you seen these letters, and which of them did you see?
This question will be published in the public domain.
Thanks.
Mr. MA ‘
“And shadow ministers’ resignation letters have already been written”
Good. Let’s hope they get put into the post-box first thing in the morning. Problem is that most of them are such hopeless, careerist gargoyles they’ll probably hang around hoping to get a last-minute call-up.
” I hardly think Iran need to worry about running out of oil, anytime soon, so I’m not so sure that’s the reasons behind building nuclear power plants. ”
CND insist that nuclear weapons are intrinsic to nuclear power which is why they’re opposed to it.
http://www.cnduk.org/campaigns/nuclear-power
Oh no sorry that doesn’t apply to Iran.
http://www.cnduk.org/global-abolition-briefings/482-cnd-briefing-iran
Did I read that Corbyn is a member of CND?
I might be missing the plot here but had not over half a dozen Labour front benchers already announced their resignations yesterday. If they had their letter steady it shows only thatvbtheybhad a pretty good idea what the results would be.
Mary
Only a couple of hours into this new thread and you’re already here with your
“This thread is well trolled.”
As far as I can see, Resident Dissident (who is an economist) and Anon! have merely contested some of Craig’s economic ideas.
But for you, that counts as “trolling”.
As one of the people on here who occasionally says that this blog is for “debate and discussion”, why do you object so much when someone tries to discuss and debate?
Or is there a “right” and a “wrong” sort of discussion/debate?
You really are an exceedingly foolish woman.
Tim; “over half a dozen Labour front benchers already announced their resignations yesterday”
Oh dear, nevermind; heard that over 10,000 new members joined since yesterday.
Maybe the royals would be worth it if we could at least appeal to the “queens english” and get them to fund some kind of universal plug-in/ portal thing that would give easy access to consistent spell-check things.
I only paid just enough attention at uni to get by, but coming back to writing on the Internet, casually.? If it was constant people would certainly just pick up more.
This is our cultural haratage after all. I don’t think it’s good enough to just say people should do so-und-so, lot’s of people won’t, many have far to much to do. Yet could still have better spelling or better access to it.
I’m with fred in this, Don’t think it matters, as long as it’s the right one.