Chris Dillow
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chrisdillow.bsky.social
Chris Dillow
@chrisdillow.bsky.social
Bourgeois interests, proletarian instincts.
Yes, She'd often refer to Popper, Hayek, Friedman etc, with signs of having read them. Few politicians do that today, and not just because there are no equivalents to Popper, Hayek, Friedman etc.
November 28, 2025 at 2:57 PM
But tax & spend now isn't necessarily an ideological position. It might simply be a response to the fact that public services have been falling apart. (Also, there must be far more to leftism than tax & spend - but I fear I'm losing this battle.)
November 27, 2025 at 2:53 PM
I think it would be. Regardless of the deficit, the govt wants more housebuilding, public services etc. As we are near to the point at which unemployment is low enough to cause inflation, that requires job destruction elsewhere: chrisdillow.substack.com/p/the-fiscal...
The fiscal challenge
Reeves' problem isn't raising money: it's much more difficult than that.
chrisdillow.substack.com
November 27, 2025 at 9:34 AM
I suspect it's harder to raise growth technologically. But given the power of opposition to policies that might raise growth, and the spinelessness &/or brainlessness of political parties, we might never find out which of us is right.
November 27, 2025 at 9:29 AM
Yes. Low growth is the norm, for powerful reasons. Here's one I wrote earlier: chrisdillow.substack.com/p/stagnation...
Stagnation: get used to it
Perhaps even the best economic policies cannot raise trend growth very much
chrisdillow.substack.com
November 27, 2025 at 8:30 AM
Minimal effect upon gilt prices, as these depend upon the demand for the stock of them, not upon flows. Possibly will slightly reduce pension saving, but I say so with little confidence.
November 26, 2025 at 3:06 PM
From the replies on here, it seems not.
November 26, 2025 at 11:42 AM
Yes. That was quite common even in small houses. My grandparents (in Leicester) rarely used their front room. And a friend from Rotherham says his grandparents in a 2-up 2-down kept the front room for best.
November 26, 2025 at 10:57 AM
No. Higher inflation would mean higher interest rates; also cashflow problems for those on benefits as they wait for uprating; & a transfer of real income from those with bargaining power to those without.
November 24, 2025 at 6:33 PM
Yes! And many politicians don't even realize that their job should be to improve the public realm and solve or ameliorate collective action problems.
November 23, 2025 at 11:26 AM