Discussion of the role of animal spirits in creating recovery. The implication is that it is not fiscal policy per se that works but the reaction of private individuals investing in future capacity that butresses in any descretionary spending - state and market synergy:
observer article 22/08/2010
fiscal fundamentalism looks at the cocept of generational accounting and how by factoring in future burdens of an aging population government debt in the UK can be seen to be 5 times GDP rather than peaking at 70% if GDP in 2014 as the government suggests:
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