26 November

All sides of politics talk nonsense about debts and deficits in government spending. Governments create money, they don't need to tax or borrow to have it. And as you can see in the actual data, governments go into budget deficits when private debt is high and nobody is spending anything, to keep things moving. It's an exact mirror image. The idea that governments accumulate huge debts was a political trick to force governments to sell off public assets, by vested interests who wanted to make money out of public services.