Posted on | May 24, 2010 | from a great blog 'No Shock Doctrine for Britin'
Top economist David Blanchflower described the announcement of £6.2 billion of cuts as ‘a dreadful day for British people’ – and said they are ‘driven by dogma not by sound economics.’
Unlike most economists, David Blanchflower – a former member of the Monetary Policy Committee – actually predicted this recession, and called for measures which would have helped prevent it.
He’s not alone. Bill Clinton’s chief economist (and Nobel Winner) Joseph Stiglitz, recently said: “the economics is clear: reducing government spending is a risk not worth taking.”
David Laws and his Tory friends have always wanted to dismantle much of the welfare state. And now they are relishing an opportunity to do so.
No comments:
Post a Comment