As usual, Mr AEP is spot on with his analysis, and disastrous with his conclusions. Just check out the double-think, here:
They absolutely must map out systematic and draconian cuts, stretched out over four years in an orderly way, leaving it to the Bank of England to offset fiscal tightening with an easy monetary policy.Confused? Just get a degree in Keynesian economics and all will become clear. Yes folks, borrow your way to fiscal prudence. Climb the underpass. Wear green shirts that are red.
Yes, several mutually exclusive impossible things are actually possible each day, with 'Keynes-U-Like', the new alternative reality product from Evans Ambrosia-Pritchard.
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