The UK government faced a harder question time than expected about its fiscal austherity plan by journalists in the World Economics Forum at Davos. "Is there really no alternative" (TINA, a popular acronym among politicians in the UK) to a fiscal belt tightening in the UK?" is the hottest question by journalists. Paul Krugman suggested that the UK government is wrong-footed in his column in the New York Times some months ago. Has the message crossed the Atlantic? Should somebody place it in a bottle!? Or perhaps remind the UK government about what happens in the long run (see bullet point # 2 in the link) according to Mr J. M. Keynes!?
Showing posts with label TINA. Show all posts
Showing posts with label TINA. Show all posts
Sunday, 30 January 2011
Fiscal austherity in the UK: TINA embarasses the government at Davos
The UK government faced a harder question time than expected about its fiscal austherity plan by journalists in the World Economics Forum at Davos. "Is there really no alternative" (TINA, a popular acronym among politicians in the UK) to a fiscal belt tightening in the UK?" is the hottest question by journalists. Paul Krugman suggested that the UK government is wrong-footed in his column in the New York Times some months ago. Has the message crossed the Atlantic? Should somebody place it in a bottle!? Or perhaps remind the UK government about what happens in the long run (see bullet point # 2 in the link) according to Mr J. M. Keynes!?
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