Funding the Future

Who owns this £5 note?


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Politicians love to talk about “taxpayers’ money.” But here’s the truth: every pound in circulation is created by the government or banks licensed by it. This video explains why a £5 note is really a promise from the state, not something you or I created. If we stop believing in the myth of taxpayers’ money, we can start demanding real accountability for how government spends its own money.

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Funding the FutureBy Richard Murphy