The Locker Room

Blair on Keynes

Posted by Mitch Kokai at 06:28 AM

A blurb in Bloomberg Business Week labels Britain’s former Labour Prime Minister Tony Blair a “surprise Tory,” or Conservative, for the following item within his new memoir:
The most startling section deals with Blair's rejection of "the whole package of massive Keynesian deficit spending," as he writes in the book. "If governments don't tackle deficits, the bill is footed by taxpayers, who fear that big deficits mean big taxes, both of which reduce confidence, investment, and purchasing power."

Perhaps Blair has spent some of his retirement years reading Roy Cordato’s thoughts on Keynes.

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