Paul Mason
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paumas.bsky.social
Paul Mason
@paumas.bsky.social
Socialist, Environmentalist, Trade Unionist, Architect and Dundonian. Your Party Member Living in Glasgow 🚩 - https://in.yourparty.uk/users/sign_up | ✊ Unite-SAW - https://www.sawtheunion.org/ | Views my own. | (He/Him)
Or more Brent deal.
November 7, 2025 at 10:08 PM
Argentina is completely dependant on Agricultural exports of beef and soy.
October 29, 2025 at 8:31 PM
Comparing Argentina and Zimbabwe to the UK is a total distortion. How can you compare consumer goods / agricultural economies with a developed service based economy which has a currency most countries hold as a safe reserve. You do have to control rapid inflation, but this is a not serious example.
October 29, 2025 at 7:27 PM
You can feel like a real man now you finished off with a meaningless petty insult.
October 29, 2025 at 2:24 PM
Enjoy our ongoing terrible economic policy which will leave most us poorer and has historically failed us all for the past 40 years.
October 29, 2025 at 2:13 PM
Did I say it doesn’t? Deficits do matter. The UK at present needs a deficit. If a deficit is too high with no viable economic plan then you get currency devaluation and high inflation. However, tax does not pay for services it’s an inflation break. Bigger deficits are ok if you have a credible plan.
October 29, 2025 at 2:06 PM
Pension funds should be long term markets. Short term fluctuations should not be governing policy. That’s terrible reactionary planning and bad governance.
October 29, 2025 at 1:45 PM
Well that is irresponsibility in the financial markets. It’s not an argument to bow down to them. It’s an argument to change your economy so 1 you are not in hock to them and 2 they are properly regulated to work for us.
October 29, 2025 at 1:44 PM
Thats the secondary market which has nothing to do with the price at issue. If you want to issue more bonds you might want to change the rate so people want to buy it but it doesn’t change the interest in the bonds you already issued. Yields are not the gov. bond interest rate.
October 29, 2025 at 1:20 PM
Exactly, that has nothing to do with spending though. That is everything to do with confidence in trading and people holding your currency. If they don’t want to trade because the value is unstable then bonds & gilts can be made more lucrative to make holding your currency attractive.
October 29, 2025 at 12:30 PM