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

johnm h Wrote: Jan 24, 2013 5:36 PM
He cares about nobody but Krugman,but like a lot of dishonest political demagogues he justifies self serving positions in the name of the poor. One has to be profoundly naive to believe such nonsense, or too ignorant to know the implications of what they say.

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...