Rightwing economic myths could derail Burnham’s project – to destroy them, look to Keynes | Larry Elliott

Andy Burnham's economic plans are at risk of being derailed by right-wing myths that borrowing is bad and the government is like a "nation's credit card". These myths are being challenged by economists who point to the ideas of John Maynard Keynes, who argued that borrowing can be a useful tool for stimulating economic growth. This is significant because it could influence the direction of Burnham's policies and potentially shape the future of the economy.

Why it matters

The article argues that rightwing economic myths can be debunked by looking at Keynesian economics, which suggests that government intervention can be beneficial for the economy. This could lead to a shift in economic policy and impact markets.

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