Quite enjoyable on Newsnight, David Blanchflower has been taken roughly over a barrel by Nigel Lawson and Gerry Robinson. Would I rather take the opinion of a professor who deals in theories on economics or a man who managed the nation's economy and another man who has been a success in business.
Thoseb who can, do.... those who can't, teach.
No wonder Mervyn King was glad to be shot of him.
The public sector propping up our GDP figures is a false economy. Only private sector growth will avert us from disaster. That's why the Tory aim to reduce corporation tax significantly is a smart tax cut as it'll add businesses seeking to move here, create more jobs, reduce the Social Security budget, all for a negligible fall in tax revenue. I think we've tested the merits of tax and spend socialism to it's limits. It's time for a smarter approach.