Economic policy: Stop cheering, Keynesians

August 13, 2015 12:59 PM

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THE appeal of Jeremy Corbyn, the likely Labour party leader, is said to be that he offers an alternative to austerity. Indeed his rise has been championed by Keynesians such as Paul Krugman. And there is plenty of scope for arguing about whether the British government has placed too much emphasis on deficit-cutting in recent years.

Labour under Jeremy Corbyn is committed to eliminating the deficit and creating an economy in which we live within our means.

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