I shall skip my usual line-by-line critique and begin here, because, finally, a politician says something that is honest and it makes the news! The end of austerity does mean that we’re going to allow the deficit to rise, and we don’t care. And that is totally honest, because nobody in Britain should care if it rises. The UK Government is what we call ‘monetarily sovereign’. Osborne knows this as well, but he doesn’t want you to know that he knows. It has the exclusive, monopoly authority to issue British pounds. Actual pounds come from nowhere else. When the UK Government spends, it is literally spending pounds into existence to ‘pay for’ programmes.
Osborne’s Call Not to Change Course On Austerity is a Murderous Demand