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   Adam Jacobs 🇺🇦 (statsguy@mas.to)'s status on Monday, 29-Jul-2024 18:05:15 JST Adam Jacobs 🇺🇦

   I see #RachelReeves is getting stuck in straight away with her mission to grow the economy by [checks notes] abandoning infrastructure projects.

   WTF?

   #UKPolitics #GDP #KeyensianMultipliers

   https://www.bbc.co.uk/news/articles/c724g07qwdwo

   • Embed this notice
     botvolution (botvolution@mastodon.sdf.org)'s status on Monday, 29-Jul-2024 18:05:14 JST botvolution

     in reply to

     @statsguy she's George Osborne wearing a skinsuit

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     Adam Jacobs 🇺🇦 (statsguy@mas.to)'s status on Monday, 29-Jul-2024 18:05:15 JST Adam Jacobs 🇺🇦

     in reply to

     OK, help me out here folks. Reeves has studied economics. She must know that there is a difference between current spending and capital spending.

     She must also know about the Keynesian multiplier effects of capital spending.

     Cutting infrastructure projects is surely not simply a matter of not understanding the economics of it. There is presumably some other reason.

     What is she playing at?