9/11 Debate

[PaulP]

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This makes it easy for good marketers to appeal to common sense. Nigel Parkinson, a Tory politician wrote a book 50 odd years ago in which he marketed conservative economic policies by arguing running a government was like running a household, so everyone could just apply common sense. He then suggested that households needed to operate on a balanced budget, so governments running deficits invited disaster. That set the table for guys like Peter Costello to demonise deficits which has poisoned the well for anything but PPP deals (even though we’ve had extremely low interest rates for a long time). The only “good deficits” have been those caused by conservative governments cutting taxes on the rich on the specious basis that the benefits would trickle down (or a rising sea would lift all boats). A recent study of 17 countries over 50 years have disproved this “common sense” policy but has demonstrated that it sure does increase the wealth of the rich and inequality.
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So so true. Poor suffering slobs have been fleeced for decades.