21^st Century Shibboleths

1. Governments need to borrow their own currency for spending.
2. ‘Printing money’ for government spending generates inflation.
3. (a) Incomes should be taxed. (b) Purchases should be taxed.
4. There is no relationship between land prices and inflation.

Believing the above-listed nonsense accounts for faltering world economies.

Mainsteam media is more likely to explain economies on the verge of collapse in terms of international events, rather than question the voodoo economics we’re continuing to practice.

oooOooo

The real, but ‘invisible’, inflation.