Irish Liberty Forum

Keynesianism Triumphant in the UK

with 2 comments

“Much of what Keynes wrote still make sense,” Mr Darling told The Sunday Telegraph. “You will see us switching our spending priorities to areas that make a difference – housing and energy are classic cases where people are feeling squeezed.”

Mr Darling said it would be “wrong” to start taking money out of the economy by cutting spending or raising taxes… The stimulus package will give departments immediate access to future years’ budgets. This is to be funded in the short term by borrowing.


Written by Graham

October 21, 2008 at 12:24 am

Posted in economics, UK

2 Responses

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  1. […] to inflate was made by Alistair Darling when he revealed the Labour government’s plans to spend its way out of the […]

  2. […] such a stimulus packages individually. The UK government, for instance have already bowed to Keynesian depression economics. The idea behind these packages is that George Bush and co. can “jumpstart” the global […]

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