The Mudcat Café TM
Thread #132102   Message #2987569
Posted By: Richard Bridge
15-Sep-10 - 06:06 PM
Thread Name: BS: Blind stupidity - TUC Congress
Subject: RE: BS: Blind stupidity - TUC Congress
That is certainly the conventional view of the Keynesian/New Deal restorative mechanism, Dick, and I subscribe to it. Cutting one's way out of recession failed before the Keynesian restoration, failed until the German "guns, not butter" initiative, and failed for the she-devil, so one does wonder just how stupid Osborne is.