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Is Anybody Surprised that Krugman Was Wrong about U.K. Fiscal Policy?

Cookie35 Wrote: Jan 24, 2013 10:04 AM

Great point that almost everyone has missed-especially the MSM. We have basically had a stimulus every year. Another reason it goes unnoticed is there was mostly spending on democrat constituencies, and very little stimulus. That spending remains locked in.

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Ron781 Wrote: Jan 24, 2013 1:42 PM

Why do we support the losers called MSM? Just cancel your subscriptions, stopping watching their channels, hit them where it hurts, in their wallets. Also stop using GEICO insurance and let the Omaha Scoundrel lose a few bucks. Berkshire Hathaway does not pay a dividend and is not appreciating so why own it?

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Is Anybody Surprised that Krugman Was Wrong about U.K. Fiscal Policy?

Just like in the United States, politicians in the United Kingdom use the deceptive practice of “baseline budgeting” as part of fiscal policy.

This means the politicians can increase spending, but simultaneously claim they are cutting spending because the budget could have expanded at an even faster pace.

Sort of like saying your diet is successful because you’re only gaining two pounds a week rather...