Promises, promises. Electioneering by George Osborne (The Times, March 16, 2015) has him saying that 'Remote homes will be first on ultrafast broadband'. A new invention, 'G.Fast' will be x4 the speed of the ordinary variety and enable easier access for more consumers. And the government will be able to concentrate subsidies on the remote areas because of new technological developments by BT. New subsidies are going to be available for suburban areas too.
The background assumption of all this is that the government has had to hold back on subsidies (until election time) because of the austerity regime following the financial crisis.
Prof Richard Werner (Chair of International Banking at the University of Southampton) has it that infrastructure investment which promotes the sustainable economy, can readily be funded with money created by the government. That is: debt-free and interest-free money.
Yes read that slowly: D E B T - F R E E AND I N T E R E S T- F R E E.
In an article about this written in 2010:
It is therefore possible to finance the Broadband Initiative with the creation of government money, without anyone incurring any costs or debts, and without any interest burden.
One day a government, hopefully, will wake up and grasp powers for the common good that are currently controlled by banks. Why don't political parties champion this as they head for the election? Are they so in thrall to banks who would be by-passed for credit creation?
Posted by Charles Bazlinton.
The background assumption of all this is that the government has had to hold back on subsidies (until election time) because of the austerity regime following the financial crisis.
Prof Richard Werner (Chair of International Banking at the University of Southampton) has it that infrastructure investment which promotes the sustainable economy, can readily be funded with money created by the government. That is: debt-free and interest-free money.
Yes read that slowly: D E B T - F R E E AND I N T E R E S T- F R E E.
In an article about this written in 2010:
It is therefore possible to finance the Broadband Initiative with the creation of government money, without anyone incurring any costs or debts, and without any interest burden.
One day a government, hopefully, will wake up and grasp powers for the common good that are currently controlled by banks. Why don't political parties champion this as they head for the election? Are they so in thrall to banks who would be by-passed for credit creation?
Posted by Charles Bazlinton.
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