catcaul Wrote:
Jan 25, 2013 10:18 PM
How can Mitchell compare Kurgman's point, massive public infrastructure spending, with the actual policy of the past and current Brit Govt. ? Fixed expenditures like social contracts, National Health, interest on borrowings, fuel for the Military go up in price, austerity in public construction creates a vacumm sucking more money into the dole and away from taxable wages..thus percentage of debt to GDP increases..Krugman is correct ..Mitchell is a dunce