Sunday, January 20, 2008

Ernst & Young get all Keynsian

Don't squeeze spending now, Treasury is urged

The Government wants to get their spending back on track, but the Item Club says they should be using fiscal measures to forestall the coming recession. Our neo-con liberal government is being urged by a bunch of capitalists to return to Keynesian economic management. The world turned up-side down.

Posted by redwing @ 12:18 AM (602 views)
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4 thoughts on “Ernst & Young get all Keynsian

  • Yes sure, kill the pound even further

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  • In other words:

    QUICK PRINT MORE MONEY!

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  • ‘it would be compounding the error to tighten fiscal policy when the economy is on the edge of a cliff’ – A very bearish comment even by this sites postings

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  • “predicting anaemic GDP growth of just 1.8 per cent as the credit crunch continues to bite.”

    Interesting that the ECB is predicting growth of just 1.5% in euroland in 2008 and yet there appears to be no bleating from retailers and manufacturers to the samw level as there is in the UK. Total self-serving nonsense that will devalue the pound and cause imported, of which there is a lot, inflation to go through the roof. Take your head out of your @rse Item Club (what a name) and have a look at the world around you. Interest rates should and must stay where they are, until normal service is resumed.

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