Tuesday, July 27, 2010

More fiscal fairy stories

The latest piece of neoliberal ideology masquerading as solid fiscal policy advice in the FT can be found here. Apparently 'Austerity drives can unleash confidence'.
The British state will, by cutting its spending, encourage private initiative, so fiscal consolidation can be pro-growth, as in Denmark, and Canada, some time or other.
I'm hearing this so often now it sounds like there is some kind of crib-sheet being sent out by the Mont Pelerin Society to idle hacks who want to push on with the 'shrink the state' rhetoric.

We can't leave it all to Paul Krugman. Where are the leadership voices here?