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You cannot cut your way to growth
Manage episode 432553387 series 3475482
Although Rachel Reeves seems to think otherwise, it’s a simple economic truth that no government can create growth by cutting its spending. That’s because without exception the government’s spending is someone else’s income, and so by cutting its own spending a government always reduces the income in its economy.
177 에피소드
Manage episode 432553387 series 3475482
Although Rachel Reeves seems to think otherwise, it’s a simple economic truth that no government can create growth by cutting its spending. That’s because without exception the government’s spending is someone else’s income, and so by cutting its own spending a government always reduces the income in its economy.
177 에피소드
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