The government has no money of its own?— Peter May

Summary:
Now if Thatcher had said as she should have, that the government has actually got all the money but has no labour which it has to hire in, that would have been correct. But the neoliberal financialisation of our society might have been stopped in its tracks. The deification of her misunderstanding has been Conservative philosophy ever since and I’m pretty certain that subsequent Labour oppositions and indeed governments, were persuaded to believe much the same thing. Progressive PulseThe government has no money of its own? Peter MaySee also by Peter MayTaxpayers’ money doesn’t exist and is in the hands of the receivers

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