I have yet to see a coherent argument showing how deregulation would not make the big players even bigger.

Big LOL 🤣

Yes, useless ponzi.

Yes, I agree. It's either episode 189 or 190.

I enjoyed Sam Levey's (@slevey.bsky.social) podcast on moneyness on the MMT podcast.
www.patreon.com/c/mmtpodcast...

However, a decentralised consensus-based block chain has some decent use-cases.

What is the output of a GP?
What is the output of a teacher?
What is the output of a healthcare support worker?

That was an example of a measure that is not comparable.
One amalgamated graph is not going to provide a meaningful comparison.

I am left angered by their money grabbing practices. I suspect many others could be 'pursuaded' to part with extra cash unnecessarily. They charge £150 per hour for the privilege of being ripped off. It's not the first time they've said I need new brake disks and pads either. End

They spoke as if the car would fail the mot if these weren't addressed. But I knew better. So after some management intervention they confessed. The tyre was no where near the wear indicator and the brakes were perfectly OK. The car would not fail the mot. 4/n

They quoted £340 for the discs and pads and £280 for the tyres.
I was suprised, I am no stranger to car maintenance and questioned the rear tyre. I was sure it wasn't anywhere near the west marks, I also asked what they meant by 'out of spec'? 3/n

So I booked my wife's car in for a service and MOT. They rang me mid morning with the pre-mot report. They said the rear discs and pad were just out of 'spec' and the rear tyre was needing replacement but I should replace both. 2/

Not if the measures are different.
If you measure productivity of the public sector in terms of profit, it is meaningless.

I don't see how a meaningful comparism can be made as the KPIs are (and should be) different.

The 'cash' from tax revenues is deleted. It is never re-spent.

Nothing 'drains taxes'.
Taxes drain £s from the economy.

The logical fact is unspent income drives up 'borrowing'.
Bonds can only be bought with reserves arising from bank deposits that were not spent on anything.