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Grim Affiliations
Tom Nicholas
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Comments by "Grim Affiliations" (@grimaffiliations3671) on "How Britain Became a Poor Country" video.
Austerity kills, and it doesn't even save you money in the long term
1900
Because of an obsession with "balancing the budget". They dont understand that the only way for the private sector to net save is for the government to net spend
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@XMysticHerox governments debt is the private sectors asset
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@XMysticHerox taxes dont fund anything the government does. Tax money is debited out of existence upon payment
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@TheStarBlack Also "balancing the books" doesn't even apply to governments like the UK, because they borrow in their own currency. Check out the deficit myth by stephanie kelton
1
@lochnessmunster1189 learn monetary operations
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@OneEyeShadow 100%
1