Is there really such a thing as national debt?

In a recent article by Warwick Smith in The Guardian, a group of economists refuted three of the government’s claims, namely that there was a budget emergency, that there was a debt crisis and that the carbon tax was an economic wrecking ball.money

Knowing how difficult it is to get economists to agree on anything, this seemed like quite a coup and reading it only served to remind me of some of the government’s ‘over the top’, exaggerated and often inaccurate outbursts from various ministers in their feverish attempts to scare us into thinking we have a problem with the economy.

 

First published at: The Australian Independent Media Network

 

Read more at: http://theaimn.com/really-thing-national-debt/

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