by Stephen Fisher and Zach Ward-Perkins
This blog post counts as work in progress for a more thorough analysis of the issues of political debate and public understanding of macroeconomics. Comments very welcome.
There is a big choice at this election: between austere and austere-er; between cuts and £30bn or so more cuts. Even the so-called anti-austerity SNP turns out, according to the Institute for Fiscal Studies (IFS), to be offering similar spending plans to Labour, just over a longer and slower timescale. Why so? Continue reading The Dysfunctional Debate over Debt, Deficit and Macro Economic Policy