Why austerity economics is wrong

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George Osborne would have us believe that the economics of the state are the same as the economics of the household. In that sense he’s Thatcher’s true heir.

He is wrong. She is wrong.

I’ve blogged this video before (I think), but it’s worth noting again:

Please watch it.

The message is simple: what’s good for a household is disaster for a state.

Hat tip to the TUC