Unfit To Govern

“The boom, not the slump, is the right time for austerity at the Treasury” are the words of the respected British economist, John Maynard Keynes.  He is basically suggesting that the time for massive cuts of austerity is not when the economy is in a recession or in a fragile recovery like the UK but when the economy is in strong recovery or booming.  Why, because you need to focus on strengthening the economy rather than taking measures which will inhibit a recovery.  Unfortunately taking measures which will inhibit the recovery appears to be the path being undertaken by the ConDem Coalition government.

I recommend you read William Keegan’s recent article for the Guardian on Sunday (link below).  He pretty much echoes my own thoughts regarding the sounding of alarm bells at the quickness and severity of the cuts being made by George Osborne and the Coalition.

Related sources: John Keynes  Echoes that of Thatcher’s first government