Saturday 31 March 2012

?What a country wants to make it richer, is never consumption, but production?

In 1844, and indeed all the way up until 1936, the idea of using government spending as a stimulus was maintained only by economic cranks. Now, of course, it is the mainstream. 

Read the full blog post here

Source: http://www.iea.org.uk/blog/%E2%80%98what-a-country-wants-to-make-it-richer-is-never-consumption-production%E2%80%99

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