Financial Times

Low Productivity is Saving the UK

Low Productivity is Saving the UK

That is the argument that Martin Wolf makes in a recent column in the Financial Times:  The reason the UK didn’t see the dive in employment numbers that the US did was due to low labor productivity: The overall story . . .is one of a fall in productivity that cushioned the expected impact of […]

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Federal Spending:  Can We Cut Our Way to Prosperity?

Federal Spending: Can We Cut Our Way to Prosperity?

Over at the Financial Times, Martin Wolf offers his answer to that question: If anyone tells you that cutbacks in this year’s and next year’s federal spending will encourage enough additional private spending to make up the difference — never mind narrow the inherited trillion dollar output and jobs gap — look him hard in […]

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