Fake news is a phenomenon that transcends political boundaries – William Mitchell on Modern Monetary Theory

Fake news is a phenomenon that transcends political boundaries – William Mitchell on Modern Monetary Theory

## FAQ

### What is the main argument presented in the article?
The main argument in the article is that fake news is not limited to the political Right and is also prevalent among progressive circles. The author highlights the misinformation and false narratives being spread by the media, particularly in the field of economics, that contribute to a misunderstanding of economic policies and decisions.

### How does the author critique the UK Guardian article?
The author critiques the UK Guardian article for promoting austerity measures and spending cuts under the guise of economic necessity. They argue that the UK government, as a currency-issuer, has the capacity to spend its own currency without the need for buffers or austerity measures. The comparison of the UK with France, which operates within the constraints of the Eurozone, is also criticized as invalid.

### What recommendation does the author give to unions in response to the UK government’s proposed policies?
The author advises the British unions to defend the interests of their members and oppose any government policies that undermine prosperity while benefiting the financial elite. They suggest disassociating from the Labour Party and resisting the narrative of austerity imposed by the government.

## Conclusion

In conclusion, the article sheds light on the prevalence of fake news in economic journalism and challenges the narratives perpetuated by mainstream media outlets. It urges readers to question the validity of information presented to them and advocates for a more critical examination of economic policies and decisions. The author’s analysis serves as a reminder of the importance of seeking out diverse perspectives and challenging the status quo in order to foster a more informed and transparent society.

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