| And pigs might fly... 15:59 - Mar 17 with 483 views | BanksterDebtSlave |
https://www.theguardian.com/commentisfree/2022/mar/17/central-banks-humanity-fut
"First, raise interest rates substantially. Ultra-low interest rates have failed to boost investment — and, in any case, were never available to those who either needed to borrow money or wanted to borrow to do things society needed. All ultra-low rates did was to boost house prices, share prices, inequality and all those things that divide society.
But, second, this must be done in concert with a massive central bank-supported green public investment drive. Naturally, raising interest rates will not boost investment, even if it is true that next to zero interest rates also did little to help investment. To escape the low-investment quagmire, the central bank should announce a new type of quantitative easing: it should stop financing the financiers and, instead, promise to stand behind (by buying, if needs be) public green bonds that raise funds to the tune of 5% of national income annually — a sum that will be invested directly into the green transition, giving society a fighting chance to do what it must to stabilise the climate.
Third, extend the same public finance model (that is, getting the central bank to stand behind public bonds) to invest in social housing and care."
There's a clue at the end of the first idea as to why it won't happen.
[Post edited 17 Mar 2022 16:58]
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| And pigs might fly... on 16:19 - Mar 17 with 417 views | J2BLUE |
Do you regret not buying a property now? |  |
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| And pigs might fly... on 16:57 - Mar 17 with 381 views | BanksterDebtSlave |
| And pigs might fly... on 16:19 - Mar 17 by J2BLUE |
Do you regret not buying a property now? |
We never found one we wanted to live in that we could afford, so no. | |
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| And pigs might fly... on 17:00 - Mar 17 with 367 views | J2BLUE |
| And pigs might fly... on 16:57 - Mar 17 by BanksterDebtSlave |
We never found one we wanted to live in that we could afford, so no. |
My apologies, I thought you didn't buy out of principle. | |
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| And pigs might fly... on 17:08 - Mar 17 with 360 views | BanksterDebtSlave |
| And pigs might fly... on 17:00 - Mar 17 by J2BLUE |
My apologies, I thought you didn't buy out of principle. |
We wouldn't buy to let out of principle although it's all degrees of how far you have to migrate from your ideals at the end of the day and thus the extent to which you perpetuate the madness. | |
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