Bill Mitchell — British fiscal statement – continues the lie about austerity

Most of the commentary about George Osborne’s Fiscal Statement has been about the fact that the fiscal strategy is designed not for the long-term benefit of the British economy and hence its people but rather has a 50 days time target – to shore up political support for the Conservatives at the upcoming general election in May. That appears to be true. 

But the more compelling aspect of the exercise from my perspective is that it continues the fraud that austerity worked....

Bill Mitchell – billy blog
British fiscal statement – continues the lie about austerity
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia