I'm rich & this is a lie. When politicians lower my taxes, I don't create additional jobs (only demand does that). I simply save that money
Trickle-down economics has been repeatedly debunked yet conservatives lie to you so they can give their wealthy overlords more tax cuts
“Let me get this straight, you can buy a burrito on an interest-free instalment plan?”
“That’s right, and we’re not even based in the Chipotle store.”
“So, you finance this by packaging the burrito instalment loans into Burrito CDO A, which has part of Burrito CDO B and both get put into Burrito CDO C?”
“Yeah. The original loans are backed by burritos. Chicke. Pork. Carne Asada. Whatever. But Burrito CDO C is a synthetic Burrito CDO. A CDO of Burrito CDOs.”
“Ok, let’s say we have an underlying pool of $10,000 in burritos. How much money could be out there betting on instalment loans and your synthetic burrito CDOs?”
“Probably $100,000,000.”
“C’mon! How much bigger is the market for burrito instalment loans than actual edible real-life cheesy burritos?”
“At least 100x.”
“That is fucking crazy.”
“No, it’s awesome.”
In @Telegraph on my influence @Keir_Starmer missions. As we argue in @IIPP_UCL missions can’t be buzzword (old wine in new bottles). Must change how we “do” government (from procurement to finance) & fair contracts. Our global report coming out this Thurs!
We’ve seen 50 years of the ‘consultification’ of government. In order for gov to administer any process effectively, from the pandemic to the IT infrastructure of the post office, we need investment in public sector capability.
This week, I made that point on #PoliticsLive ⬇️
So far this Ashes, the total scores are:
Australia 1,850 for 58
England 1,809 for 55
After 943.4 overs, there are just 49 runs between the sides.
Good grief what a series.