In Response to Joyce McMillan’s article “Debunking the Tory myth of the magic money tree”, first published in the Scotsman on 02/06/17.

Understanding the virtue of thrift: A response to Joyce McMillan

“If socialists understood economics, they would not be socialists.”
– Nobel prize-winning economist Friedrich Hayek.

Writing in Friday’s (02/06/17) Scotsman, Joyce McMillan asserts that any fiscal constraint by government (so-called “austerity”) is unnecessary, claiming that it has unleashed:

“…a litany of meanness and misery firmly based on the assumption that there is a finite amount of money in …