Скачать или смотреть What are the real reasons why people resist good economics

People often ask me why the work we do on this channel and on the Funding the Future blog is so hard to follow. It is not because the economics is complicated. It is because what we say is counterintuitive.

We have all been taught a story about money. We are told governments must behave like households, must balance their books, must cut spending on public services and social security because “there is no money left”. That story feels familiar. It feels safe. And it is wrong.

In this video, I explain why good economics often feels uncomfortable. We are challenging ideas that politicians, journalists and economists have repeated for decades. When we explain that government is different because it issues money, that private saving requires government deficits, and that austerity is a political choice, people understandably hesitate. The problem is psychological, not technical.

That is why we repeat ourselves. New viewers arrive every day. Myths repeated for forty years do not disappear after one video. And if we want a politics of care and an economics of hope, based on proper accounting and honest debate about public services and social security, we have to keep telling the truth about money.

Bad economics has consequences. It leads to austerity, a failing NHS, broken local government and rising inequality. It pushes people towards the far right because they think nothing works. That is why this work matters, and why persistence matters.

If you value clear explanations of government finance, tax and the real economy, please subscribe to the channel, share this video and help spread the word. Change only happens when people challenge the myths they have been taught.

Read Funding the Future: https://www.taxresearch.org.uk

Subscribe for daily videos on economics, tax justice and political economy.

Check out our poll below:    • Запись  

00:00 — Why this work feels hard (it’s counterintuitive, not complicated)
01:20 — The core myth: government is not a household
02:40 — Continuous UK government, national debt, and default myths
03:40 — The accounting reality: balance sheets and sectoral balances
05:00 — Private saving = government deficit (the mirror image truth)
06:30 — Why this is psychologically difficult to accept
07:40 — Attention, legitimacy, and hope: what makes this channel different
09:00 — Why repetition matters (and why we’ll keep doing it)
10:00 — The stakes: austerity, inequality, NHS failure, and far-right politics
10:50 — A call to action: sharing the economics of hope

TRANSCRIPT
A transcript for this video is available at: https://www.taxresearch.org.uk

IF YOU WANT TO WRITE TO YOUR MP ABOUT ISSUES IN THIS VIDEO
If you want to write a letter to your MP on the issues raised in this blog post, there is a ChatGPT prompt to assist you in doing so, with full instructions, here. https://www.taxresearch.org.uk/Blog/2...

HOW TO SUPPORT US
Please consider donating: https://ko-fi.com/taxresearch

ABOUT RICHARD MURPHY
Richard Murphy is Emeritus Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best-known book is ‘The Joy of Tax’.

This video was edited by Thomas Murphy.

RICHARD MURPHY ON BLUESKY:
https://bsky.app/profile/richardjmurp...

OR

ON MY BLOG: http://www.taxresearch.org.uk/Blog/

HIT SUBSCRIBE & GET NOTIFICATIONS
Subscribe and get notified of new videos released.
INTRODUCTION:    • Welcome to my channel - Richard J Murphy -...  

PLAYLISTS:

The Wealth Series
   • The Wealth Series  

Ecenomics
   • Ecenomics  

Britain
   • Britain  

Tax
   • Tax  

MMT
   • MMT  

Money
   • Money  

Climate Change
   • Climate Change  

USA
   • USA  

Labour
   • Labour  

The Trump Administration
   • The Trump Administration  

#PoliticalEconomy #GovernmentFinance #HouseholdBudgetMyth #SectoralBalances #AccountingTruth #ModernMonetaryTheory #MMT #AusterityIsAChoice #PoliticsOfCare #EconomicsOfHope #PublicServices #SocialSecurity #NHSFunding #Inequality #UKPolitics #TaxJustice #DeficitMyths #EconomicLiteracy #BalanceSheets #FiscalReality #Neoliberalism #DemocraticAccountability #FarRightPolitics #FundingTheFuture #RichardMurphy