Great from Richard Murphy.
It doesn’t go quite far enough in explaining where “fiscal rules” truly come from to begin with.
They derive from a myth VERY broadly shared, even among the strongest *progressive* critics of fiscal rules: that government must and does borrow to spend.
Both are FALSE.
It doesn’t go quite far enough in explaining where “fiscal rules” truly come from to begin with.
They derive from a myth VERY broadly shared, even among the strongest *progressive* critics of fiscal rules: that government must and does borrow to spend.
Both are FALSE.
Reposted from
Richard Murphy
Fiscal rules are works of fiction. They are as made up as fairy tales are, and yet the Chancellor is asking us to believe that she should manage the economy by complying with them. Why is she so deeply misguided, whilst taking us for fools?
youtu.be/aYl-x0Y5SJE?...
youtu.be/aYl-x0Y5SJE?...
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