Increased government spending can provide a temporary stimulus to demand and output but in the longer run higher levels of government spending crowd out private investment or require higher taxes that weaken growth by reducing incentives to save invest innovate and work.
And finally no matter how good the science gets there are problems that...
First I think the science of monetary economics has clearly gotten better.
A second reason why science cannot replace judgement is the behavior of...
But because we in the United States finance our current account deficit by...
To finance this trade deficit the U.S. has to borrow from the rest of the...
The only way that we can reduce our financial dependence on the inflow of...
A rise in the level of saving can reduce aggregate activity temporarily but...
Although my seat is a contest between Labour and the Lib Dems it could well...
We in the Labour party know better than most that opposition is the easy...
I think most people believe success in government is how many fewer people...
It's become unfashionable to celebrate political achievement and Labour...
More people on unemployment benefits is not success in America fewer people...
As the economy faces such difficulties more tough questions need to be asked...
We are the ones looking out for the middle class. Who do think pays for the...
As the prospect of a Tory government gets nearer many traditional Labour...
I believe that smaller government is better government. But I also believe...