Friday, March 8, 2013

If The Medicine Is Killing The Patient We Should Use More Of The Medicine

The Financial Times provides Martin Wolf with a platform to review David Cameron's defense of his economic policies.  He reviews the data, which shows that the patient is not responding to Cameron's policies, and borrowing a phrase from Margaret Thatcher, he concludes that "Cameron is not for turning".  His policies are correct because he believes them to be correct.  Frankly, Cameron is stuck with the weak defense of a policy that is not working.  Politicians are not permitted to admit to mistakes.  Especially when the policy is based upon a zombie ideology that is the edifice of his party's platform.

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