[S]tructural policy is not enough. In the post-crisis predicament, demand matters, as well. Structural policies that raise the incentive to invest are twice-blessed, since these raise demand and potential supply at the same time. They need to be a priority in designing tax and spending plans. Yet also crucial is getting the withdrawal of fiscal and monetary policy right. It is far more likely, in current circumstances, that support will be withdrawn too soon than too late, undermining the recovery and generating a prolonged stagnation, with malign long-structural effects.The audacity of these Socialists...
Thursday, June 9, 2011
More Communist Propaganda from the Financial Times
I don't know what's going on over at the Financial
Times Daily Worker these days, but they've clearly been infiltrated by Keynesians Communists. Martin "Lenin's Bitch" Wolf: