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
- Craig Shirley says Ted Cruz is right and the Huffington Post wrong about Ronald Reagan’s 1980 Presidential Campaign
- Mystery at Notre Dame: A priest-historian has been forced to back off a project promoting authentic Catholic education
- William & Mary launching a gay history project
- "I teach the largest gay and lesbian history class in the country."
- Another year of declines in history enrollments