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The Morning Star 2026 Conference
Shattering the tax and spend deficit myth
Modern monetary theory has been gaining momentum and popularity in recent years. CHRIS WILLIAMSON takes a look at the arguments

WE NEED a radical rethink on the tax and spend deficit myth.  

Economic commentators and politicians of every stripe perpetuate the delusion that public spending is paid for by governments taxing or borrowing and that fiscal deficits are something to be concerned about. 

We saw it again last week in the discussion around the mini-Budget.

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