Post Tagged with: "public finances"

AI-generated Statue of Liberty

Broke and broken? You bet

Rachel Reeves is expected to argue Britain is “broke and broken”: https://www.thetimes.com/uk/politics/article/rachel-reeves-ready-to-deliver-the-bad-news-britain-is-broke-qnfcmgxj2 Good: the situation is much worse than Reeves seems set to suggest. The social democratic consensus which Labour represents is unaffordable and breaking down: https://stevebakerfrsa.substack.com/p/rachel-reeves-first-major-misstep Conservatives in parliament should accept the appalling reality that we can’t afford all […]

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Steve Baker speaking at the despatch box in the House of Commons

The crisis we are in: the coming default of the welfare state

For years, I’ve warned of the dangers of unaffordable government spending commitments, an economy fuelled by cheap credit and QE, and bubbles that will burst, probably the biggest in history. Here’s the briefing: https://stevebaker.info/2022/07/defaulting-on-the-welfare-state/ Read the book: https://stevebaker.info/2022/07/are-we-in-the-largest-bubble-in-history-an-austrian-school-analysis-by-steve-baker-mp-max-rangeley/ Watch the movie:

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