Why the deficit myth is a useful deception

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Why the deficit myth is a useful deception It is often difficult to understand the economic-speak into which so many expert-explanations seem to lapse.  I imagine that I am not alone so I will share a version of the explanations that … 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 Modern Economics (MMT) – Warren Mosler

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Warren Mosler on Modern Monetary Theory    This video shows Warren Mosler being interviewed by Marshall Auerback on Modern Monetary Theory. MMT is the alternative to what we usually hear in the mainstream media. Warren discusses the government’s role as … Continue reading

The UK is not broke and doesn’t need to borrow to reverse the cuts.

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The UK is not broke and doesn’t need to borrow to reverse the cuts. The video clip explains this simple truth about the US economy, but it is also true for the UK and all other countries that issue their … Continue reading

Essentials for Opponents of Austerity

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Must Reads for Opponents of Austerity  by alittleecon also published here  Economics can seem a bit impenetrable to the lay person. Partly, it seems to me, this is deliberate on the part of economists to complicate the field – baffle with bullshit you might say. … Continue reading