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Just to expand on the cutting your way to growth as being one of the dumbest fallacies that gets propagated by the dogs on here.
Someone spending becomes someone elses income. When you earn and spend your money on goods and services then those providing those goods and services earn an income.
When you stop spending the economy contracts - prime example Covid.
The idea gets propagated because they confuse personal budgeting with that of the economy or Government - they are not the same.
Someone spending becomes someone elses income. When you earn and spend your money on goods and services then those providing those goods and services earn an income.
When you stop spending the economy contracts - prime example Covid.
The idea gets propagated because they confuse personal budgeting with that of the economy or Government - they are not the same.