In the News
Can cutting public spending expand the economy?
2nd June 2016
Martin Feldstein of Harvard is an economist who should always be taken seriously. Writing in 1997 about the forthcoming introduction of the Euro, for example, he said “the adverse economic effects of a single currency on unemployment would outweigh any potential gains from trade flows”. He went on to predict that the Euro was likely to lead to increased conflicts within Europe. Looking at the current state of the continent, his forecasts appear spot on.
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