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I agree with the Tory MP who said that “to increase borrowing to deal with an economic downturn is a perfectly sensible thing to do.” I disagree with the MP who said “increasing borrowing is not a strategy for dealing with recession.” Both quotes came from Philip Hammond in the same BBC interview on Monday, which shows the muddy thinking that needs to be sorted.
Thursday, 30 October 2008
Borrowing in a recession
This from Fraser Nelson on CoffeeHouse, while recasting his own case for tax cuts.
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