Austerity was based on a Fairytale about Money

Emeritus Professor Mary Mellor debunks the myths behind austerity… Austerity – the culling of public services in response to the spike in public spending following the 2007-8 financial crisis – caused widespread hardship. It reflected two myths: that the market is the sole source of funding for public spending and this must be limited because … Continue reading Austerity was based on a Fairytale about Money