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User Name Thread Name Subject Posted
Crow Sister (off with the fairies) BS: Spending Cuts UK - The Thread (249* d) RE: BS: Spending Cuts UK - The Thread 27 Oct 10


RB: "John Maynard Keynes. Simples! We KNOW it worked before."

It might have worked before but what's important is *how many* people "KNOW it worked before"? My guess is the answer to that is 'very few indeed'. I spoke to a bloke the other day who believed that 'double dips' are caused not by cuts but by *investing* in the countries infrastructure. A few days ago I asked on here what economic model was followed after the second world war. I'd never heard of Keynes but by putting two and two together (ie: that *despite* the country being in penury as it is now, much of the welfare state / social housing / NHS etc. was in fact *built* during that period) I realised there must be something up with the idea being forced down our necks that 'austerity measures' are the only possible solution. My grasp of UK history is pretty slight and my grasp of economics even moreso, but I bet it's still better than the average Hello reader. And it's those people that make up the bulk of the electorate.


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