Good and Bad Deficits

by Robert Skidelsky Robert Skidelsky, a member of the British House of Lords, is Professor Emeritus of Political Economy at Warwick University. 20.02.2012

Introduction

Europe has its own Tea Party crackpots who loathe the welfare state and want it abolished or radically pared, and who are convinced that all state-sponsored capital spending is a “boondoggle”........And they prefer the total waste of letting millions of people sit idle.
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