CHAOSTOCOSMOS

Friday, 12 July 2013

The Great Debt Lie and the Myth of the Structural Deficit

 

What we need is Labour’s expansionary fiscal policies, not contractionary ones. Real, sensible economists know that the only way to address a recession is to grow the economy, and that means more public spending in the short term, to stimulate economic activity, and cutting if needed when the economy is back on the up (which needn’t mean absolute cuts, but relative cuts because the economy is growing).

The Great Debt Lie and the Myth of the Structural Deficit

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