Another cracker, Bryce, much appreciation. Even though profoundly depressing. Please remain cheerful: constantly revealing the unacceptable is a valiant public service, but a shit of a job.
The 'asset-recyclers' basic premise is based on a falsehood which serves the interests of rent-seeking financiers well. That falsehood is that governments like ours need to tax or borrow to pay for our basic public infrastructure and services. We are a currency-issuing nation and the government is fully able to fund infrastructure by spending the money into existence. It can also decide whether there should be any repayment for that infrastructure, and if so whether there is to be interest charged or not and how long a repayment period. It has used this mechanism in the past with the notable example being early state housing under the first Labour government.
The real constraint is whether the real resources (people and materials) are available for the works or not.
The existence of this direct public funding option is actively suppressed by rent-seeking financiers (including Kiwisaver fund managers) and their courtesan economists and neoliberal think tanks.
Johnathan Milne from Newsroom, great revelation. Three cheers for the Otago Daily times.
Chief Ombudsman John Allen receives my brick-bat - who appointed him?
Sam Stubbs from the Sunday Star Times gets this weeks’ Oscar.
In fact all of those articles are top-notch. Thanks Bryce for bringing them to us. All fighting for our democracy.
The sooner S Jones is sealed away within his Marsden Point steel storage container the better accompanied by his ‘tobacco company’ matey Peters.
Another cracker, Bryce, much appreciation. Even though profoundly depressing. Please remain cheerful: constantly revealing the unacceptable is a valiant public service, but a shit of a job.
🙏🏻 Bowing.
" Fishy Influence – How the fishing industry captured Shane Jones" - more like the landed him than captured him - hook, line and sinker!
Keep up the good work - if only some of these politicians had an ounce of shame
The 'asset-recyclers' basic premise is based on a falsehood which serves the interests of rent-seeking financiers well. That falsehood is that governments like ours need to tax or borrow to pay for our basic public infrastructure and services. We are a currency-issuing nation and the government is fully able to fund infrastructure by spending the money into existence. It can also decide whether there should be any repayment for that infrastructure, and if so whether there is to be interest charged or not and how long a repayment period. It has used this mechanism in the past with the notable example being early state housing under the first Labour government.
The real constraint is whether the real resources (people and materials) are available for the works or not.
The existence of this direct public funding option is actively suppressed by rent-seeking financiers (including Kiwisaver fund managers) and their courtesan economists and neoliberal think tanks.
your doing a great job
I totally agree this is great work Bryce
Thank you for clarifying.