Wednesday, 23 May 2012

Hannibal Lecter warns that cannibalism is bad for you

The International Monetary Fund (IMF) has reiterated its warning - first issued at the January Davos summit of neo-liberalism’s political elite - that austerity is holding back economic recovery. The inevitable sting in the tail is that the IMF is not calling for increased public spending – instead calling for ‘temporary tax cuts’ and infrastructure investment (funded by public sector pay cuts!) to boost demand:
http://www.telegraph.co.uk/finance/economics/9281686/IMF-says-Britain-must-relax-austerity-if-eurozone-crisis-escalates.html