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

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The Guardian

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

Borrowing can be good, there is no such thing as the ‘nation’s credit card’, and, yes, you can buck the markets – as previous governments have shown Andy Burnham does a nice line in nostalgia. His first party conference speech as prime minister was full of fond memories for the Britain of the 1950s and 1960s, when working-class families could sense their lives steadily getting better. The underlying message of his ad…