OK I'll post the source because rules but dont look at the comments its a sky news post

https://xcancel.com/SkyNews/status/1830306573375443017

  • hexaflexagonbear [he/him]
    ·
    4 months ago

    There might be an uptick in inflation, but literally no economic theory thinks government spending "crashes" the economy. Were the justifications of austerity always this self-evidently wrong? Like I feel they typically at least try to be compatible with their own economic theory lol.

    • Kieselguhr [none/use name]
      ·
      4 months ago

      Were the justifications of austerity always this self-evidently wrong?

      Yes.
      But usually they also use the subterfuge of comparing a sovereign nations budget to a household's finances. "If you're family is in debt, you have to cut spending. That is why nan needs to die in the cold. It's basic economics. There is no alternative. The problem with socialism is that you eventually run out of other people's money. " margaret-thatcher

    • ProletarianDictator [none/use name]
      ·
      4 months ago

      "The economy" is the ultimate citation. It is a magical oracle that cannot be questioned and can be used to justify any action. No supporting evidence necessary.

      • Kieselguhr [none/use name]
        ·
        4 months ago

        The budget must be balanced. The markets need to be sated. We must heal the economy. Your nan has to be sacrificed.

      • DragonBallZinn [he/him]
        ·
        4 months ago

        Hurting "the economy" is a privilege only the right can have.

        Brexit? Yeah it was bad for the economy...but you see it was WORTH IT because we needed more good vibes! The libs weren't sufficiently owned!

        Housing crisis? Yeah this hurts the economy....but muh property values! Are we really going to pick our kids having an enjoyable 20s over property values? It's worth it! (Although come to think of it, I'm not sure if this is an Americanism or something in general among the west but there seems to be this line of thought that goes 'ehh, the young people will pay for it! So let's do it!')