George Osborne’s risky business
October 22, 2010 Leave a comment
Context: From a Keynsian perspective, in a time of economic vulnerability, fiscal credability should be the plan for medium term, while support for the economy the plan inthe short term. Nowhere in history can anyone cite an example where cutting deep and quickly in a time of European, even global, economic unrest, is the right thing to do. Osborne is taking too much of a risk, not seeking the real alternatives, and not being fair upon the poor and those dependent upon welfare.