Why Repaying The National Debt Is Not A Good Idea - Richard Murphy

29th November 2024

The country has national debt but it is a mistake to think of it like your own home or personal debts. We have had a nation debt since the 17th century and we have survived. National debt can be though more as tool to control aspects of the economy. Scaremongering about the size of the debt does not help anyone understand its purpose.

Richard Murphy gave an excellent explanation of the national debt on 2 February 2024 on is blog.

Understanding National Debt will soon make you understand that some politicians are talking nonsense in using the topic to hoodwink people into thinking we ned to cut spending and raise taxes and keep interest rates high.

Richard Murphy explains it in a way is perfectly rational way and if only more politicians would use it rather than forever going on about The Black Hole.

Why repaying the national debt is not a good idea
Read it HERE

Today 29 November 2024
The government's latest accounts show its debt's fallen massively

For more more from Richard Murphy go to
https://www.taxresearch.org.uk/