Reply to Karl (Keynesian Economics)

2002-07-24 Thread Natasha Potter
Karl, I think we agree on the fundamentals so will get stuck in to the detail. Karl: I cannot subscribe to your argument. Even if Brown were to increase state spending by a putative sufficient amount it would not necessarily led to real economic growth. Effectively, you are denying the

Reply to Karl (Keynesian Economics)

2002-07-24 Thread Karl
Hi Natasha. Natasha: Effectively, you are denying the validity of a Monetary intervention to burn out of recession. I don't think that's right. If Brown could borrow £10 trillion and spend it within the British economy - I'm pretty sure that it would grow GDP to an extent which would pull the