Emeritus Prof Christopher May on Nostr: #TonyBlair says #KeirStarmer shouldn't 'tax & spend' because the #Tories doing that ...
#TonyBlair says #KeirStarmer shouldn't 'tax & spend' because the #Tories doing that is what got the UK into a mess.
a: what did he think #austerity was/is?
b: all (ALL) Govts tax & spend - its what the state does; Blair's warning is really a warning against #Keynesianism!
Given that some sort of Keynsianism is pretty much the only long-term economic strategy that (despite what rightist economists think) can make a claim for historic success, Blair seems on the side of the sado-monetratists!
a: what did he think #austerity was/is?
b: all (ALL) Govts tax & spend - its what the state does; Blair's warning is really a warning against #Keynesianism!
Given that some sort of Keynsianism is pretty much the only long-term economic strategy that (despite what rightist economists think) can make a claim for historic success, Blair seems on the side of the sado-monetratists!