Thread: Coronavirus (OLD)
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Old 22-06-2020, 00:27   #4151
jfman
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Re: Coronavirus
Quote:
Originally Posted by 1andrew1 View Post
Temporary tax reductions for the leisure sector sound sensible. I don't know how much capacity there is for public spending cuts though. Now is a time to be inventive and not same old, same old.

https://www.ft.com/content/b6cc50e8-...e-a825ec865b69
With borrowing costs at record lows now is the time to commit to public spending. Especially infrastructure projects that will reap long term economic benefits.

It’s been proven that austerity gives you a slower recovery. Tired, outdated economic policy running the state like a household budget isn’t going to save the economy now. It should be dismissed for what it is - a simplistic trope to sell the idea of a small state to the economically illiterate while the profitable arms of the state were sold off.
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