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Jan. 11th, 2012 12:05 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
foolsguineahttp://krugman.blogs.nytimes.com/2011/12/04/british-debt-history/
That uptick at the end — you’ll see it if you squint — is what’s driving the Cameron government’s insistence on slashing spending in a liquidity trap.
It’s also interesting to note — contrary to what you often hear — that at the time Keynes was writing, and calling for fiscal stimulus, Britain was substantially deeper in debt than Britain or the United States are now.
http://www.nytimes.com/2012/01/02/opinion/krugman-nobody-understands-debt.html
That uptick at the end — you’ll see it if you squint — is what’s driving the Cameron government’s insistence on slashing spending in a liquidity trap.
It’s also interesting to note — contrary to what you often hear — that at the time Keynes was writing, and calling for fiscal stimulus, Britain was substantially deeper in debt than Britain or the United States are now.
http://www.nytimes.com/2012/01/02/opinion/krugman-nobody-understands-debt.html
