Professor Danny Blanchflower economist & fisherman
@D_Blanchflower
Was banned in error apparently for many months Proud grandad of Clare, Eliza, Gus, Hadley, Henry, Isla, Kinsley, Lincoln and Oliver
27-04-2012 14:49:36
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A question for everyone Tom Swarbrick
So government borrows 5 billion quid
Invests in a project that pays back 25% a year for the next 1000 years
It clearly for now raises the public debt
But is clearly sensible and reduces costs to our grandchildren
So why not do it? it is…
Professor Danny Blanchflower economist & fisherman Tom Swarbrick OR Govt creates a Smart Tech & Innovation Bank, funds it with £100bn pa from QE.
It makes 1% interest loans* to hi-tech UK R&D over long term which bank can swap for equity at pre-agreed rate.
Some of those investments will pay big & economy boosted.
*to be spent in UK.
LawAndPolitics 🇺🇦 Tom Swarbrick of course. Hire maybe a series of FTSE CEOs and charge them with picking projects based on rates of return - including for example road projects where rates of return will be effects of reducing congestion by lowering travel time etc
Professor Danny Blanchflower economist & fisherman Tom Swarbrick Yes - we can’t lose, because even if the projects fail (some will) the vast bulk of the money will have been paid to UK firms along a supply chain, generating tax revenues from nothing.
Why can’t we do it?
The right wing press would 💩 themselves.