Clegg conflating the deficit with the economy to make political hay.
They are trying to equate the deficit with the economy, to give the impression that good economic policy consists not in boosting real wages, cutting unemployment, or addressing the threat of secular stagnation but merely in "fixing the deficit." The fact that Clegg is a politician and Quinn a journalist is, in this context, a distinction without a difference; they are both in the same Bubble pushing the same quack mediamacro.Stumbling and Mumbling
"The Economy"
Chris Dillow | Investors Chronicle
1 comment:
Somehow it feels like the Middle Ages where government "deficits" have replaced "witches" as the source of all evil. There is a complete and utter disconnect amongst UK NeoCon politicians over the improved growth rate and the ever increasing government deficit as Bill Mitchell so analytically points out:-
http://bilbo.economicoutlook.net/blog/?p=29135#more-29135
It's as though Keynes never existed and justification for NeoCon politicians existence is reduced to them jostling for the position of Witchfinder General.
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