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Richard J Murphy
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Comments by "" (@col.hertford9855) on "There is no black hole in government funding" video.
It’s quite widely acknowledged in academia. He’s done some explainers on the channel before.
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@marknaisby7384 so I take if your a neoliberal? Used two times and failed two times?
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@Ludus57 I was thinking that too. We just got a new batch of vouchers issued with the Kings head on them.
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@garyb455 it’s about the myth of treating the national budget as a household. A household can’t create money out of thin air. A government will not retire. The only constraint is inflation, so provided there is no inflation the system will work. It’s been used historically after the Great Depression and WW2 and is currently being used by Biden.
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@adenwellsmith6908 have a look at a bank note buddy. They say the ‘I promise to pay the bearer on demand the sum of five/ten/twenty/fifty pounds’. They are not money, they are a promise to pay money.
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