...employment by cutting taxes and boosting Government spending. I tell you, in all candour, that that option no longer exists, and insofar as it ever did...inflation — the root of inflation being deficit spending — ie, people tell me this. They are demanding a change and Congress is the only force of government...

...employment by cutting taxes and boosting Government spending. I tell you, in all candour, that that option no longer exists, and insofar as it ever did...Callaghan, Prime Minister of England. And HE ought to know. 21 From my conversations with people, increasing millions of American consumers have come to equate...

...employment by cutting taxes and boosting Government spending. I tell you, in all candour, that that option no longer exists, and insofar as it ever did...Callaghan, Prime Minister of England. And HE ought to know. 21 From my conversations with people, increasing millions of American consumers have come to equate...

...insofar as it ever did exist it only worked ... by injecting a bigger dose of inflation into the economy followed by a higher level of unemployment. That is the history of the last twenty years. That view prevailed in the ensuing negotiations both within the government and with...

...far as it ever did exist, it only worked - by injecting a bigger dose of inflation into the economy, followed by a higher level of unemployment - That is the history of the last twenty years.10 Thus the first of Crosland's presuppositions - that the economy could be brought...