Richard Murphy on Nostr: The House of Lords really does not understand what they call the ‘national debt’ ...

The House of Lords really does not understand what they call the ‘national debt’ https://www.taxresearch.org.uk/Blog/2024/09/10/the-house-of-lords-really-does-not-understand-what-they-call-the-national-debt/ The House of Lords is panicking about the national debt, but that‘s what happens when you fundamentally misunderstand what it supposedly is, as they do. It’s just a savings facility on which the government is not dependent. Of course there is nothing to panic about in that case.