Reading Paul's call for increased spending on childcare might suggest that he's conflating two separate issues. He says:
"So how will the extra money be found? I’m a sensible post-Keynesian who enjoys the benefit of Modern Monetary Theory insight, and so I understand better than IPPR appear to that the best way to invest is through deficit spending. That would, well, just work."
Now, there is a case for deficit spending. And there is a case for increased spending on good childcare.Stumbling and Mumbling
Cuts vs efficiency
Chris Dillow | Investors Chronicle (UK)