IIMR January 2026 - British debt - the case for a balanced budget rule скачать в хорошем качестве

IIMR January 2026 - British debt - the case for a balanced budget rule

Professor Tim Congdon expresses concern about the excessive borrowing by UK governments since the Great Financial Crisis of 2007-2009, which contrasts sharply with the 1990s and early 2000s when public debt was a much lower percentage of GDP. He places the blame on neo-Keynesianism and its belief that the best way to deal with an economic downturn is for governments to borrow more and spend more. He argues that well-managed monetary policy, rather than fiscal largesse, is the key to stable and sustained economic growth. Professor Congdon is one of the world's leading monetary economists and chair of the Institute of International Monetary Research. His latest book 'Money and Inflation at the Time of Covid' is published by Edward Elgar Publishing: https://www.e-elgar.com/shop/gbp/mone...