Themself

It never ceases to amaze me how bad a grasp politicians have on how national economies ; I think it is deliberate rather than ignorance. Or rather they think that we are too stupid to understand how a national economy differs from a household economy. They may even be correct about that Received wisdom on the economy (according to politics) - growth needs to be sustainable - the deficit should be reduced - austerity is necessary Most commonly our main political parties use a household analogy to explain their economic policies. This is a very wrong thing to do. It sort of ignores the interdependency of national economies, and it over simplifies things. That said it is something that most voters can relate to. A better, but still flawed, analogy would be a multi person multi income household. Imagine a…