Walk away whistling


By Stephen Pollard
June 23, 2010
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The always thought-provoking Tim Worstall asks this question, to which we all know the answer:

Absolutely every commentator even vaguely left of centre says that
the fiscal contraction (ie, the combination of spending cuts and tax
rises) is going to devastate the economy. We’re going to get a double
dip recession, unemployment will go over 4 million etc.

Let us imagine that this doesn’t happen: will we then have put to
bed the idea that only government spending can get us out of such
recessions?

Or if, in two or three years time, this hasn’t happened, will they just walk away whistling, hoping no one will have noticed?

COMMENTS

Blacklisted Dictator

Wed, 06/23/2010 - 13:45

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The budget can only serve to reduce the demand for goods and services. So the question arises whether it will stimulate exports.

(1) What is Britain going to produce?

(2) Will Britain be able to sell these goods overseas?

Of course, such questions, were never (or very seldom) asked at the last election.


MartynInEurope

Thu, 06/24/2010 - 04:36

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"Or if, in two or three years time, this hasn’t happened, will they just walk away whistling, hoping no one will have noticed?"

Stephen Pollard, do you really think that people who might expect or think the worst to be somehow punished for their pessimism?

We can all imagine what we like, we can imagine that bad things will not happen, and where has that lead us, time and time again?

Really, what are you thinking?


Joshua18

Thu, 06/24/2010 - 11:38

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"Walk away whistling"

Apt title for your autobiography.


Joshua18

Thu, 06/24/2010 - 11:43

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"Stephen Pollard, do you really think that people who might expect or think the worst to be somehow punished for their pessimism?"

It is actually the optimists, individuals like Stephen Pollard who was a cheerleader-in-chief for the City even as it was bankrupting Britain, who should be punished.

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