http://www.crikey.com.au/2008/08/20/britain-spending-itself-into-a-depression-for-2012-olympics/ now with extra source Sun, 12 Feb 2012 09:16:19 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.crikey.com.au/2008/08/20/britain-spending-itself-into-a-depression-for-2012-olympics/#comment-7234 Nigel Thu, 01 Jan 1970 10:00:00 +0000 #comment-7234 If I was living in Britain and heading into recession I would be hoping that the government would be spending up big - its called expansionary fiscal policy. I do agree with Glen's argument that the such spending on the Olympics is probably misdirected, but you can't spend yourself into a depression! If I was living in Britain and heading into recession I would be hoping that the government would be spending up big - its called expansionary fiscal policy. I do agree with Glen’s argument that the such spending on the Olympics is probably misdirected, but you can’t spend yourself into a depression!

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