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You may have read this elsewhere, but now you can hear it – with pictures too!
Margaret Thatcher’s most famous line — that socialism “runs out of other people’s money” — is flat-out wrong.
Governments create money when they spend, and tax it back later.
So who really drains society’s wealth?
Not socialism — but the neoliberal elite.
Watch this Myths Debunked short and find out why Thatcher’s soundbite was more spin than truth:
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Do socialists really run out of other people’s money? [now on VIDEO]
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Margaret Thatcher’s most famous line — that socialism “runs out of other people’s money” — is flat-out wrong.
Governments create money when they spend, and tax it back later.
So who really drains society’s wealth?
Not socialism — but the neoliberal elite.
Watch this Myths Debunked short and find out why Thatcher’s soundbite was more spin than truth:
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