Em Junho do ano passado 51 economistas portugueses assinavam um documento defensor das opções do Governo pelo grandes investimentos, em resposta a um documento subscrito por 28 economistas defendendo a suspensão do programa governamental. A falta de meios (ou o crescimento abrupto da dívida) veio retirar a questão de cima da mesa das discussões. Não havendo dinheiro não há vícios.
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Ocorreu-me a lembrança deste confronto economista doméstico a propósito das cartas enviadas ao Financial Times*, subscritas por gente de peso, de entre os quais dois premiados com o Nobel da economia, recomendando que a despesa pública não seja reduzida antes de 2011, em resposta a uma outra carta dirigida ao Sunday Times**, subscrita por gente credenciada, recomendando o contrário. Estes últimos apoiam as propostas do líder da oposição conservadora, os primeiros dão ao actual governo argumentos para evitar políticas restritivas com eleições à vista.
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Onde é que, Economia, pára a tua a virtude?
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Supprt for Labour in battle over public debt
By Jean Eaglesham and Daniel Pimlott
By Jean Eaglesham and Daniel Pimlott
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More than 60 leading economists have backed Alistair Darling, UK chancellor of the exchequer, in his decision to delay spending cuts until 2011, creating a dividing line within the profession on the
More than 60 leading economists have backed Alistair Darling, UK chancellor of the exchequer, in his decision to delay spending cuts until 2011, creating a dividing line within the profession on the
issue of how to tackle the UK's huge public debt, which will be crucial in the forthcoming general election.
Two letters in today's (02/19) FT warn of the risks of damaging Britain's recovery by "reckless" early cuts. They are a riposte to 20 economists who wrote to The Sunday Times last week supporting the opposition Conservative party's line that fiscal tightening should start this year.
The letters reject the claim that cuts are needed now to reassure the markets and head off the risk of Britain losing its triple-A credit rating.
One, organised by Lord Skidelsky, asks instead how "foreign creditors will react if implementing fierce spending cuts tips the economy back into recession".
The other backs the chancellor's "sensible" plan for tackling the deficit, warning that "with people's livelihoods at stake, a responsible government should avoid reckless actions".
The signatories to the letters include two Nobel Laureates - Joseph Stiglitz and Robert Solow - and five former members of the Bank of England's monetary policy committee, including two former deputy governors. Alan Blinder, a former vice-chairman of the Federal Reserve, is also a signatory.
Two letters in today's (02/19) FT warn of the risks of damaging Britain's recovery by "reckless" early cuts. They are a riposte to 20 economists who wrote to The Sunday Times last week supporting the opposition Conservative party's line that fiscal tightening should start this year.
The letters reject the claim that cuts are needed now to reassure the markets and head off the risk of Britain losing its triple-A credit rating.
One, organised by Lord Skidelsky, asks instead how "foreign creditors will react if implementing fierce spending cuts tips the economy back into recession".
The other backs the chancellor's "sensible" plan for tackling the deficit, warning that "with people's livelihoods at stake, a responsible government should avoid reckless actions".
The signatories to the letters include two Nobel Laureates - Joseph Stiglitz and Robert Solow - and five former members of the Bank of England's monetary policy committee, including two former deputy governors. Alan Blinder, a former vice-chairman of the Federal Reserve, is also a signatory.
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