Thursday, October 21, 2010
The Keynes English
Focusing on Britain's drastic round of public sector job cuts, the New York Times predictably mourns European governments' abandonment of John Maynard Keynes' theory we can overspend our way out of recession. But the Times says nothing about the 300,000 private sector jobs the "Spectator" says the British economy has created this year. Did the Tory mag just make it up?