Neoliberal TINA Economics is Flat Earth thinking

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By Prue Plumridge Belief in a flat Earth is found in the oldest writings and early Mesopotamian maps showed the world as a flat disk floating in the ocean.  Thankfully things have moved on since that time and we now accept … Continue reading

Why do politicians tell us Debt/Deficit myths which they must know to be untrue?

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The New Economic Perspectives’ video clip on the Government budget, Deficits and Debt presented below (produced for educational purposes), debunks the myths that politicians tell their populations to justify ‘austerity’.  In the case of the clip, it starts with 3 … Continue reading

The big lie – Governments cannot run out of money!

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Stephanie Kelton on Modern Monetary Theory’s Goals for Full Employment and Government Deficits Published on Dec 11, 2012 http://www.facebook.com/CapitalAccount Hat-tip @alittleecon Stephanie Kelton explains MMT and how everything we are told about the need for cuts and austerity because of a lack … Continue reading