UK Chancellor of Exchequer out of options, historian says
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
- Historian says Indian mascots remain popular even at schools that dropped them
- A column by Johns Hopkins historian N. D. B. Connolly causes a firestorm on the website of New York Times
- Garry Wills says the Pope is scaring the dickens out of rich people
- Tufts Prof: Obama Needs to Invite Jesse Jackson to White House
- Hilary Swank will play Emory historian Deborah Lipstadt in upcoming movie