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With its disguises as “high finance” for the mystified and “Keynesian fiscal policy” for those “in the know,” deficit spending by the government was quite a successful scam for a long while. When the UK’s ex-prime minister opened her new government in September, Liz Truss followed tradition by trying to run the oft-used scam again. More

The post A Deficit Spending Scam Destroyed UK’s Prime Minister…Who’s Next? appeared first on CounterPunch.org.


This content originally appeared on CounterPunch.org and was authored by Richard D. Wolff.

Citations

[1]https://www.counterpunch.org/2022/11/02/a-deficit-spending-scam-destroyed-uks-prime-minister-whos-next/[2]https://www.counterpunch.org/2022/11/02/a-deficit-spending-scam-destroyed-uks-prime-minister-whos-next/[3]https://www.counterpunch.org/