Why We Have A National Debt

8th May 2024

Ignore politicians: we need a national debt. Not only is the national debt not a burden - or even something that will ever need repayment - but its existence if fundamental in the management of the economy. Everyone needs to understand this.

ABOUT RICHARD MURPHY
Richard Murphy is Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best known book is ‘The Joy of Tax'.