We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

No free lunches

8 December 2008 By Martin Hutchinson

Fiscal stimulus isn’t a nobrainer the money must come from somewhere. It works best when the stimulus is focussed and the cost doesn’t increase a large budget deficit. If it crowds out private investment it will produce higher unemployment, faster inflation or both.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)