Creative Deduction (@creativededuct) 's Twitter Profile
Creative Deduction

@creativededuct

Paleolibertarianism. Anarcho-capitalism. Austrian economics.
Blog: creativededuction.com
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ID: 791957137383497730

linkhttp://www.creativededuction.com calendar_today28-10-2016 10:57:50

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Alice Smith (@thealicesmith) 's Twitter Profile Photo

The unspoken assumption of multiculturalism is that incoming cultures are equal to the native culture. The practical outworking of multiculturalism has been that incoming cultures are treated as special and superior to the native culture.

Handre van Heerden (@handrev) 's Twitter Profile Photo

The corpse count speaks louder than any theory — Josef Stalin murdered between 6 and 20 million of his own people through deliberate famines, mass executions, and gulags that made Hitler look like an amateur. Yet somehow we still have economics professors teaching that central

The corpse count speaks louder than any theory — Josef Stalin murdered between 6 and 20 million of his own people through deliberate famines, mass executions, and gulags that made Hitler look like an amateur. Yet somehow we still have economics professors teaching that central
Richard Tice MP 🇬🇧 (@ticerichard) 's Twitter Profile Photo

SHOCKING BORROWING FIGS: Another £14.3 bn in Feb 26, 2nd highest ever, despite increased tax receipts as spending out of control Total borrowed last 11 months £126 bn Heading for massive overshoot of OBR Spring statement debt forecast for 25/26 ons.gov.uk/economy/govern…

Daniel Hannan (@danieljhannan) 's Twitter Profile Photo

This is the root of our problem. Voters have an almost comically unrealistic sense of what the government can afford. With taxes already at a 75-year high, we still need to borrow £150 billion a year, and to spend two thirds of that servicing interest on older borrowing.

This is the root of our problem. Voters have an almost comically unrealistic sense of what the government can afford.
With taxes already at a 75-year high, we still need to borrow £150 billion a year, and to spend two thirds of that servicing interest on older borrowing.
Steve Loftus (@loftussteve) 's Twitter Profile Photo

Just a month ago Deborah Meaden 🇺🇦 and the other Labour outriders were celebrating the sterling jon of Rachel Reeves because borrowing was down due to people selling up before CGT goes up. Well, we're back in the real world now.

Liam Halligan (@liamhalligan) 's Twitter Profile Photo

So the UK's 10-year gilt yield - the cost of government borrowing - is now up at 2008 levels. An 18-year high The difference is that, back then, UK national debt was 48pc of GDP, and now it's the best part of 100pc. So the debt service costs are much MUCH heavier. Of the

So the UK's 10-year gilt yield - the cost of government borrowing - is now up at 2008 levels.

An 18-year high

The difference is that, back then, UK national debt was 48pc of GDP, and now it's the best part of 100pc.

So the debt service costs are much MUCH heavier.

Of the
Creative Deduction (@creativededuct) 's Twitter Profile Photo

Some of the most absurd people in the world with the most ridiculous opinions in human history are being allowed to shape public policy and decide how we should live.

Creative Deduction (@creativededuct) 's Twitter Profile Photo

"The welfare state is the oldest con game in the world. First you take people's money away quietly and then you give some of it back to them flamboyantly." - Thomas Sowell

"The welfare state is the oldest con game in the world. First you take people's money away quietly and then you give some of it back to them flamboyantly." - Thomas Sowell
Creative Deduction (@creativededuct) 's Twitter Profile Photo

Polanski is on dangerously thin ice here. He's not an MMT scholar. He has picked up a few phrases to form part of an incoherent argument about how public spending shouldn't be constrained by the capital markets. This is why Modern Monetary Theory is so poisonous: it provides