In the news

You are reading a single comment by @starfish&coffee and its replies. Click here to read the full conversation.

•

NickCJ in reply to @Howard

I'd be surprised if Cameron and co. spent more money than Blair did

It's the phenomenon of Keynesian "automatic stabilisers". When your economy crashes the fiscal position naturally becomes more expansive as income-related tax receipts fall and welfare spending such as JSA rises.

•

starfish&coffee in reply to @NickCJ

Keynesian

And I don't mind a bit of Keynsian economics. It's just that the Tory mantra 'you'll eventually run out of other people's money' only seem to be an issue if someone other than them is in charge.

•

NickCJ in reply to @starfish&coffee

It's just that the Tory mantra 'you'll eventually run out of other people's money' only seem to be an issue if someone other than them is in charge.

Apart from what just happened, of course?

About

Avatar for starfish&coffee @starfish&coffee started