Quote Originally Posted by Louis VI the Fat View Post
Meanwhile, get with the times, Cons! In a timely article earlier today, one of the world's foremost economists, Krugman totally rubbishes the British austerity measures:
Ouch!
So not spending huge amounts of money you don't have, and don't plan to have except from decades of borrowing, is a 'fad'?

The only way to protect the long term of a nation is do not trust private sector for the simple reason private sector has to make profit. So Private Sector don’t give a whatever to what can’t give money immediately…
You're right; the private sector has to provide a service people will willingly pay for and can't operate for decades by spending more than they make.

CR