Final note;

We have a fiat currency, so there is no need to ‘borrow’ via the bond market ( and we haven’t needed to since 1973 when the UK went Fiat, post Bretton Woods (Kelton, Mitchell, Mosler, Wray). It’s not a debt; it is just what is spent on the economy. If there is a risk, then it’s inflation. This can be absorbed by reducing liquidity via improved savings via bonds (as in WW2 in the US and UK), targeted taxation to maintain a low-income gap, Government projects to employ like infrastructure, a reduction in further issuance of currency, etc. ( Kelton, Keynes, Mitchell, Mosler, Wray).
Note: Also, the most valuable currencies in the world belong to the Nordic countries. This reflects their market value and perceived stability, i.e., very low risk due to a strong rule of law, Constitutional transparency in government and business regulation, and future prospects due to a highly educated, healthy and (empirically) happy population.

Selling the idea

As with the Clement Attlee government of 1945-51, it promotes gains more than losses (though cognitively, we fear loss more than gain; Kahneman); thus, it has to appeal to the middle/upper middle, the over-50s, and the reluctant young voter.

This policy would put clear water between Labour, SNP (Scotland), and Greens to any neoliberal political party to the right.

Conclusion

Provide childcare, education, and elderly care, free at the point of use, and then housing can be tackled. Try to do housing on its own, with small tweaks, and nothing will change.
There have to be many big carrots to compensate for the stick.

I’m not Beveridge or Attlee, but it has to be an earthquake
Remember those opening lines from the Attlee Government information film of 1948?

Get ready. It’s coming…..(I can’t watch this without my eyes filling up; look at what we are capable of when we work together; sometimes I think I was born 30 years too late)