The

The Well, ho, ho, ho, and welcome to Brokernobics. It is the Christmas season. Lots of you will shortly be going into debt by your loved ones overpriced tat from China.

And I thought that at the end of this dismal year, the first year of the Labour government,

who have been so much worse than even our low expectations, we would cheer ourselves up with a bit of fun.

Now, whenever I need a bit of fun, what I do is I go to the channel of Richard J. Murphy. And he did a video

in which he laid out an alternative budget that he would have given in the place of Rachel

Rees ones, because apparently Rachel Reeves was not sufficiently communist and was not

taxing enough. So we're going to hear from a

actual sort of, well, he doesn't describe himself as a communist, but I mean, he is. And we're

going to listen to what he says. Now, I don't want anyone to get the impression that I am not a fan,

a genuine fan of Richard J. Murphy. I think this guy is absolutely

brilliant. He honestly does cheer me up. If you don't know what I mean, go to his channel, sort videos

by popularity. All the top ones will be things like Nigel Farage is a fascist and everybody's a fascist

and, you know, squirrels are fascist, clouds are fascists, blah, blah, blah, blah.

And you can watch his vitriol as he calls a bunch of milk toast centurists,

uny party adjacents like Farage as these sort of goo-stepping fascists.

And it's generally quite funny.

It always makes me chuckle every time I watch them.

But I think it's valuable to give time to lunatic perspectives. And this guy, well, look,

he's a professor who I think it's Sheffield University or something like that, you know, one of those second league ones. And accounting, apparently, but, you know, he's roughly in the financial world.

And he is a proponent of MMT, which of course stands for magic money tree that we have talked about before.

I think he gives an alternative, modern monetary theory, I think, is his way he frames it.

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