The MMT Podcast with Patricia Pino & Christian Reilly cover image

#1 A hypothecated tax for the NHS?

The MMT Podcast with Patricia Pino & Christian Reilly

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The Importance of Fiscal Adjustment

There is so obviously so much under employment and unemployment, but people just not having the, you know, people increasing poverty. To say that where you're going to restrict spending when you have a situation like that, it's cruel. It's incredibly destructive to your economy. So some people are going to have to be unemployed and it can be fixed with a fiscal adjustment. You could have a tax cut. You could give everybody a tax holiday. If there was an income tax holiday tomorrow, we'd all have a pay rise of, I don't know, a few thousand pounds each. And then the private sector could figure out who to employ. When we talk about the NHS, that

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