Saturday, March 13, 2010

A Keynesian spending spree won’t lead the economy out of recession

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Excerpt via blog.iea.org.uk

Only private enterprise can lead the economy out of recession. Rather than increase government spending, the Chancellor should focus on making life easier for British business.

There needs to be a huge bonfire of red tape to lower costs. Burdensome new environmental and employment laws should be abandoned and the minimum wage scrapped to address rising unemployment. Given the perilous state of the public finances, radical deregulation is now the only practical option.

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