While George Osborne is crowing about the success of austerity, Simon Wren-lewis examines the high costs of Osborne’s failed economic policy.
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Simon Wren-Lewis: The economic and political cost of UK austerity
Austerity
Simon Wren-Lewis: It makes no economic sense to keep shrinking the state without changing what the state is meant to do
Shrinking the state makes everyone worse off by reducing national income – some of that income loss in the past has probably become permanent Read Here Wikimedia Commons
Economics
Mark Thompson, Anna Cooban: Credit Suisse shares crash as Saudi investor rules out more funds
Report in CNN on the chaos at Swiss bank Credit Suisse today. Is this the start of a new financial crisis? Read the article HERE.
Corruption
Politico: Family affair rocks Portuguese government
It is the same old story. While Keynesian economists and leftists are hailing the success of a centre-left coalition in Portugal purportedly defying austerity, in reality it is the same old Social Democrat sleaze and […]
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