Wednesday, 9 February 2022

Homelessness. How do we measure the government response in real terms? Currency variations

 ...If the South is spending €683 m. every three years on Housing Assistance Payment for 10 000-12 000 homeless and the North spends £20 m. over three years on 4 000-6 000,surely this calls into question the traded value of currencies,the real value of Britain's exports and the value of imports and,precisely,how currency markets  estimate the value of Britain's currency...do we not have to reconsider that old unfashionable phrase of Chris Harman,namely,the "real economy"...

...Let us not forget that Chris Harman did not go to Germany to study political economy but,rather,that Karl Marx came to Britain...

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Once again,the phrase "purchasing power parities" which I may have coined in 1978 comes to mind...

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