UK Chancellor of Exchequer out of options, historian saysHistorians in the News
THE Chancellor is like Mr Micawber, hoping that ‘something will come up’ to boost his fortunes, a leading economic historian said last night.
Speaking ahead of delivering the annual Julian Hodge Institute for Macroeconomics lecture Professor Nicholas Crafts warned that the George Osborne lacked many of the levers available to his predecessors in previous downturns.
The Warwick University academic said that history had shown that where you were cutting government expenditure, as the Chancellor is currently doing, you need to have a parallel policy that will stimulate growth.
"The message from previous recessions is that you do need policy to help you recover," he said....
comments powered by Disqus
- Black Delegates at GOP Convention at Lowest Level in History
- Richard Moe calls on Obama to make Utah's Bears Ears a national monument. Bears Ears?
- What History Says About Donald Trump’s Convention Speech
- Rep. Steve King doubles down on white supremacy claim
- Does Melania Trump know what plagiarism is?
- Daniel Pipes: “Why I Just Quit the Republican Party"
- Jill Lepore attended the GOP convention
- Ramsay Cook died in Toronto on July 14, after a brief battle with pancreatic cancer
- Adam Hochschild says he met the ghosts of his own work at a recent visit to the multiplex
- Colleges are implored to teach their own history