Comment 75262

By Undustrial (registered) - website | Posted March 17, 2012 at 23:33:12 in reply to Comment 75257

Dammit, Jim, I'm a doctor not a neo-Keynesan economist!

For what it's worth, I don't disagree with Smith's basic point (cuts to public spending don't spur growth), and yes, there are numbers to back that up. But this isn't really the place for long lists of comparative debt:GDP ratios. What needs saying is that "austerity" programs like the Drummond Report are politically driven, not evidence-based, and just as likely to wreck the economy as not.

Mr Smith, have you considered getting a blog so you could post links to more in-depth numerical analysis, where we might all go into more depth without taking up quite as much space here? I'd visit and post replies (if ya'd let me).

"Today, the notion of progress in a single line without goal or limit seems perhaps the most parochial notion of a very parochial century." — Lewis Mumford

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