Borrow for recovery, says Darling

Chancellor of the Exchequer Alistair Darling has said government borrowing is the best way to support the UK economy in the long run.

The chancellor admitted that borrowing "may feel counter-intuitive", but said in the longer run, it "will mean the bills we face as a country are lower".

Too true.

Spot on! He has finally got Keynes.

Fantastic!

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One Response

Henry Law says:

October 21 2009 at 11:40 pm

Is that all there was to Keynes? Wasn’t there something about reducing debt in the good times? And doesn’t it matter what the money is borrowed for?