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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 - 462 lapas
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European Integration, 1950-2003: Superstate Or New Market Economy?

John Gillingham, John R. Gillingham III. - 2003 - 588 lapas
...cozy world is gone — [W]e used to think that you could just spend your way out of a recession to increase employment by cutting taxes and boosting government spending. I tell you in all candor that that option no longer exists. And insofar as it ever did it worked by injecting inflation...
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Understanding A/S Level Government Politics

Christopher Wilson - 2003 - 311 lapas
...1976, this was signalled by Prime Minister Callaghan in his speech to the Labour Party Conference: 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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New Labour, Old Labour: The Wilson and Callaghan Governments, 1974-79

Anthony Seldon, Kevin Hickson - 2004 - 350 lapas
...some of the case about government expendimre and how to deal with a recession. This is what he said: We used to think that you could spend your way out of a recession and increase employment by cuning taxes and boosting spending. I tell you in all candour that the option no longer exists and...
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Heinemann Economics for Edexcel

Susan Grant, Chris Vidler - 2004 - 256 lapas
...labour market is in equilibrium. '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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The Management of the British Economy, 1945-2001

Nicholas Woodward - 2004 - 305 lapas
...made of Callaghan's famous speech at the Labour Party conference, when he argued (Callaghan, 1987): 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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How Mumbo-Jumbo Conquered the World: A Short History of Modern Delusions

Francis Wheen - 2005 - 336 lapas
...communism. It is an absolute fact of life which no government, be it left or right, can alter . . . We used to think that you could spend your way out...by cutting taxes and boosting government spending. But I tell you in all candor that that option no longer exists, and that insofar as it ever did exist,...
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Developments in British Public Policy

Peter Dorey - 2005 - 252 lapas
...famously 'monetarist' speech to the 1976 Labour Party Conference, when he declared that: We used to think you could spend your way out of a recession and increase employment by cutting taxes and boosting spending. I tell you in all candour that this option no longer exists, and in so far as it ever did...
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A History of Central Banking in Great Britain and the United States

John H. Wood - 2005 - 439 lapas
...would be guaranteed by a stroke of the chancellor's pen. cutting taxes, deficit spending— is gone— We used to think that you could spend your way out of a recession— I tell you in all candour that that option no longer exists, and that in so far as it ever did exist,...
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The President, the Pope, And the Prime Minister: Three Who Changed the World

John O'Sullivan - 2006 - 448 lapas
...Weigel, 254-55. 29. Bernstein and Politi, 175. 30. Quote from Callaghan speech to 1978 Labour conference: "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, and in so far as it ever did exist, it only worked on each...
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Reinterpreting Social Democracy: A History of Stability in the British ...

Jonas Hinnfors - 2006 - 176 lapas
...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...
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