Spending Review

[synergetic]

Yesterday saw the government spending review. Ironically, just a few days before, I'd finished a much better variant of the theory section for the shock therapy article on Wikipedia. It proved to be really helpful in thinking about it because I had all that theory fresh in my mind at the time, and I'd done a much better job of sorting shocks into

Comments

[pplfichi]

There is of course the other side where cutting spending too far and too fast is likely to put an economy into recession...

[synergetic]

I'm confused. I thought that I tackled that part under the Neoclassical Shock section, where I talk about businesses going under leads to unemployment. Ok, that was aimed at the private sector, but it holds very much for public sector too. The article shouldn't require another side, unless i missed something horrible?

[pplfichi]

Ah no sorry this was commenting on this entry and our government rather then the Wikipedia entry!

[synergetic]

Oh, that's good. You had me worried for a moment there!