...Labour Party Congress, the new Labour leader James Callaghan (Callaghan 1987: 426) was equally clear: We used to think that you could spend your way out...employment by cutting taxes and boosting government expenditure. 1 tell you in all candour that that option no longer exists, and in so far as it ever...

...paying ourselves more than the value of what we produce. Bluntly, he went on to tell the delegates: 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...

...was formally abandoned by British Prime Minister of the time, James Callaghan in the following terms: 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, and that insofar as it ever did exist, it only worked by...

...British Labour Prime Minister James Callaghan's frequently quoted speech to his party conference in 1976: "We used to think that you could spend your way out...and boosting Government spending. I tell you in all candor that that option no longer exists" (Harmon 1997, 165). 31. Above all, the social-democratic...

...Labour Prime Minister James Callaghan's speech to Labour Party Conference in 1976: We used to think you could spend your way out of a recession, and increase...and boosting government spending. I tell you in all candour that that option no longer exists, and that in so far as it ever did exist, it only worked...

...Zeitgeist by admitting that: We used to think that 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 in so far as it ever did exist, it worked by injecting inflation...