Much of the public commentary on economic matters, particularly pertaining to fiscal matters, is conditioned by incomplete information and the imposition of false constraints.
The crisis narratives that then emerge are really without substance but serve to pervert economic policy making which damages the least able citizens and largely benefits the top-end-of-town.
I hope (without much hope) that the new British PM can see his way through all this nonsense and redefine the public debate.
All money is created by the government. Taxpayer’s merely used government created money. Read here
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