The Magic Money Tree Really Does Exist
Image red-feniks The Magic Money Tree Really Does Exist. COVID-19 just proved it! Lynn Johnson 31 October, 2020 The global pandemic has once and for all destroyed the post-2008 narrative that ‘there is no magic money tree’ and that austerity is ‘required to balance the budget’. In practically all Western countries, so wedded to austerity prior to the pandemic, money started flowing into supporting ‘the economy’ as soon as the first lockdowns were enacted. Different countries have taken different approaches, some putting funds directly into the pockets of citizens, while others have primarily (yet again) bailed out the big end of town, the fact remains that [...]