Keynesian policies have brought Britain to the brink of ruin


By far the best contribution to the parliamentary debate on the Emergency Budget was by the MP for Wycombe, Steve Baker . Using impeccable analysis and respected (ONS and Bank for International Settlements) data sources, Mr. Baker painted a frightening scenario in which the fiscal policies of western governments are unsustainable, and were even before the recent crisis erupted.

Kevin Dowd is Professor of Finance and Economics at Durham University.



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