Keynes economics tested to destruction in UK (22Jun10)
June 22, 2010 — Lord Skidelsky, biographer of economist John Maynard Keynes asks the question "How to do get economic growth by cutting spending". The reply to this question is, how do you expect the private sector to survive, when the public sector is gobbling up all the money?
The public sector generates NO money for the economy, so throwing money at the public sector does not and will NEVER deliver economic growth or recovery.
It is a theory that the Labour party tested to destruction over 13 years. Live with it, the economics theories of John Maynard Keynes does not work.
Recorded from Sky News, 22 June 2010.
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