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" We used to think that you could just spend your way out of a recession and increase employment by cutting taxes and boosting government spending. I tell you in all candour that that option no longer exists... "
Transnational Governance: Institutional Dynamics of Regulation - 71. lappuse
laboja - 2006
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Forming Nation, Framing Welfare

Gail Lewis - 1998 - 296 lapas
...Labour Party Conference in 1976: We used to think you could just spend your way out of a recession, by cutting taxes and boosting government spending. I tell you in all candour that option no longer exists, and so in so far as it ever did exist, it worked by injecting...
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Ideology and Politics in Britain Today

Ian Adams - 1999 - 226 lapas
...that really spelt the end of Keynesianism as the dominant theory behind government policy. He said: We used to think that you could spend your way out of recession and increase employment by cutting taxes and boosting government spending. I tell you in...
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Labour's First Century

Duncan Tanner, Pat Thane, Research Professor Pat Thane, Nick Tiratsoo - 2000 - 418 lapas
...opinion. Thus, the Prime Minister, Jim Callaghan, told the Labour Party conference of September 1 976: 'We used to think that you could spend your way out of recession ... I tell you now in all candour that that option no longer exists and in so far as it ever...
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The Prime Minister: The Office and Its Holders Since 1945

Peter Hennessy - 2001 - 685 lapas
...by a stroke of the Chancellor's pen, cutting taxes, deficit spending - that cosy world is gone . . . We used to think that you could spend your way out of a recession and inctease employment by cutting taxes and hoosting Government spending. I tell you in all candour that...
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From Beveridge to Blair: The First Fifty Years of Britain's Welfare State ...

Margaret Jones, Rodney Lowe - 2002 - 232 lapas
...damaging rather than stimulating the economy. As he admitted: We used to think that you could just spend your way out of a recession and increase employment...and boosting government spending. I tell you in all candour, that option no longer exists, and in so far as it ever did exist, it worked by injecting inflation...
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Trade Unions in Renewal: A Comparative Study

Peter Fairbrother, Charlotte A. B. Yates - 2003 - 288 lapas
...Callaghan, in a provocative speech to the 1977 Labour Party Conference, made this extremely clear: We used to think that you could spend your way out of a recession, and increase unemployment by cutting taxes and boosting Government spending. I tell you in all honesty that that...
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The Long Game: How Regulators and Companies Can Both Win

Paul Skidmore, Jake Chapman, Paul Miller - 2003 - 123 lapas
...International Monetary Fund (IMF) and the Labour Prime Minister James Callaghan's pronouncement that We used to think that you could spend your way out...and boosting government spending. I tell you in all candour that that option no longer exists.™ This apparent scaling back of the state's ambitions for...
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Tony Benn New Edition: Revised Edition

David Powell - 2003 - 198 lapas
...choices and fundamental changes in our society . . . We used to think that we could spend our way out of recession, and increase employment by cutting taxes...you in all honesty that that option no longer exists . . . Now we must get back to the fundamentals. Milton Friedman, Margaret Thatcher's economic guru,...
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21st Century Opportunities and Challenges: An Age of Destruction Or an Age ...

Howard F. Didsbury - 2003 - 344 lapas
...highly trained economist, he dominated economic policy until the 1970s. This economic idol thought you could spend your way out of a recession and increase...by cutting taxes and boosting government spending. The centerpiece of Keynesian economics was the "multiplier." By running a deficit, the government "injected"...
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Heinemann Economics A2 for AQA

Susan Grant, Chris Vidler, Charles Smith - 2003 - 320 lapas
...by increasing aggregate demand. 'It used to be thought that a nation could just spend its way out of recession and increase employment by cutting taxes...and boosting government spending. I tell you in all candour that that option no longer exists. In so far as it existed in the past, it had always led to...
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