Richard Murphy explains that taxes do not finance govenment spending, but helps to pay down debts. A government creates it own funds or borrows money when it needs it. The idea that a government cannot spend what it does not have is not valid for governments.
International rating agency Standard&Poor’s has changed its outlook of Romania’s rating from stable to negative while affirming the country’s long- and short-term foreign and local currency sovereign credit ratings at ‘BBB-/A-3’. In reaction, Romania’s Liberal […]
Following Brexit people in Britain still have food, water, and electricity. The Pound has not collapsed. The COVID vaccine programme is up and running (despite the usual Tory corruption and incompetence). It is time to […]
The burning question going into the Glasgow climate summit is whether major economies can, by 2050, reduce emissions enough to deliver a carbon neutral world in which humanity no longer adds planet-warming gases to the […]
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