Economics Is Not Alchemy - Richard Murphy

28th June 2024

There is no magic to any government finding the money to do the things that we are capable of doing, because it can always create it by simply spending on these things we need - and then taxing that money back, if need be. Alchemy is not required for the government to do what is required of it.

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'.