Showing posts with label Nick Clegg. Show all posts
Showing posts with label Nick Clegg. Show all posts

Tuesday, October 7, 2014

Chris Dillow on conflating the deficit with the economy


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