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Not that kind of "treasury view"

It’s back! Eighty years after John Maynard Keynes stuck a stake through its heart, the “treasury view” is once again threatening to derail our economy. It is as if, a century after Copernicus, astronomers were still convinced the sun circles the earth.

In the midst of the weakest economy in decades, George Osborne, Vince Cable and the G20 proclaim their first priority is to cut government spending and restore fiscal balance. Keynes, enemy of…

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