Saturday, February 20, 2010

Take your pick.

So last week we had a group of economists saying that we needed to start making spending cuts as soon as possible (the Conservative approach), and now we have another group of economists saying that spending cuts should be delayed for a year or so (the Labour approach). And these would be the same economists presumably who were caught completely off guard by the banking crisis? Might just as well toss a coin, seems to me. My penn'orth for what it's worth is that I can't see that getting further and further into debt makes much sense. What's that old saying - when in a hole, stop digging?

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