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Abba P. Lerner @Moneymonopolist
, 10 tweets, 4 min read Read on Twitter

Martin Lewis has produced a propaganda piece this morning using his own money that will be in all English schools and being taught to 15 and 16 year olds. They plan to lobby the Scottish government.…
Martin was helped in this endeavour by government agencies

@educationgovuk - Government agency

@hmtreasury - Government Agency

@julianknight15 - Conservative Member of Parliament for Solihull.

@YourMoneyAdvice - government agency.

Mainstream economics has debunked what is in this book for years now. There are no serious economists working in universities today that would support the view that Martin has helped to publish. Infact the Bank Of England would not recognise the claims in the book.
The Bank of England released a new working paper on Friday (May 29, 2015) – Banks are not intermediaries of loanable funds – and why this matters

This paper debunks the majority of work that is in Martin's book and wouldn't pass a peer review.…
It is an incredible state of affairs that it has been allowed into Schools without a peer review. It is nothing more than a propaganda piece for the right wing of the political spectrum. They are going to lobby the Scottish government for it to be allowed into Scottish Schools.
I urge anyone who works for the best interests of the Scottish people in the Scottish parliament to fight against this lobbying to make sure that this book never reaches the eyes of a child in Scotland.
If left wing economists throughout the UK spent as much time debating Martin's book. That will be flowing freely through the English education system as they do debating left wing econmists in the US. Then finally after 40 years we might actually be getting somewhere.
I'm sure once Martin realises that the government agencies have tricked him into believing we still use the gold standard and fixed exchange rates after spending so much of his own money he will be furious !…
Martin should have spoken with Universities across the land instead of being fooled by Julian Knight and the Conservative party.

Any first year economics student knows the government budget deficit = the non government sector surplus.

All he needed to do was ask.
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