Shouldn’t political commentators have enough economics awareness to challenge politicians when they compare a country’s economy to the household budget or borrowing on a credit card in order to justify austerity? If they do have this understanding and still fail to question this line of argument, are we to assume that they are cynically colluding in maintaining the status quo?
Great article, thanks.
Shouldn’t political commentators have enough economics awareness to challenge politicians when they compare a country’s economy to the household budget or borrowing on a credit card in order to justify austerity? If they do have this understanding and still fail to question this line of argument, are we to assume that they are cynically colluding in maintaining the status quo?