IMF, BoE, wtf?
The News Agents
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We Used to Think You Could Spend Your Way Out of a Recession and Increase Employment
We used to think you could spend your way out of a recession and increase employment by cutting taxes and boosting government spending. I tell you in all candor, that option no longer exists. That's what callahan had to tell the labor party conference after labor had been bailed out by the am f. And i aski always her ten took bout the imeffon britten in the 19 seventies. They use this phrase, cap in handwe went cap in hand to the m i m f. But we are not, we should strss in those times yet.
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