Buying more assets but essentially what you have to do in this once in 100 year crisis i mean we had a once in a 100 year financial crisis now we have a crisis that is comparable to the great influenza and the answer is that you have to have the courage to keep going and theyve done well so far and anybody who says to them that we should go back to where we were as in 2010 well what did we learn from that we learned that it was the slowest recovery in 300 years after the southie bubble and sadly the the slowest recovery ever actually 600 years ago was the black death so this government they want to do that thats where well go we have unbelievable hardship in the country and for the chancellor to say such idiotic things really begs belief to me in fairness of our strength and he says there should be no return to our stereotype it is predisaster David Cameron his fellow Bullingdon Club member David Cameron has a new preface and he says actually the reaction of britain to the 28 crisis wa
To one woman who claims to have been raped about why she is voting for trump and the. Only thing more coming up in todays going underground but 1st a virus transmitted at least in part because of environmental destruction is being credited for ripping up the economic plans of finance ministers all over the world ahead of a possible 2nd wave and here in britain brics at negotiations in crisis what can save capitalism now joining me now from hanover New Hampshire is Dartmouth College is labor market economist and former bank of England Monetary Policy Committee member professor David Blanchflower danny thanks so much for coming on so your recommendations for slashing Interest Rates arguably did way more than austerity for saving britain after the Bank Bailouts and the austerity how can britain recover from covert given per capita its death rate desired from the g 20. Well youve got to keep spending money youve got to. Resist entirely any idiot who says we should be going to austerity let
Well you got to keep spending money you gotta resist entirely any idiot who says we should be going to austerity lets just think about the u. K. So we have not over 9000000 people who are on furloughed schemes and this government is talking about stopping that from me well we have 1300000. 00 unemployed now with a rate of 4 point one percent if they stop its hard not to see the Unemployment Rate at least easily hitting 20 and probably more so the obvious thing is youve got to keep going and anything that related to what you did from 2010 to 2020 is a disaster and im im im a beginner to cameron in a 2nd but im going to tell you ritchie cynic says the furnace scheme should not and cannot go on forever and everyone who says it should be extended after october would then just say it has to continually extend therefore thats the argument for stopping it. Well i didnt say it should go on forever but i certainly think it should go on for a year or so i mean from southern germany have agreed t
Joe biden is clinton guilty of the crimes he signed into law we talked to one woman who claims to have been raped about why she is voting for trump and the. Only thing more coming up in todays going underground but 1st a virus transmitted at least in part because of environmental destruction is being credited for ripping up the economic plans of finance ministers all over the world ahead of a possible 2nd wave and here in britain brics at negotiations in crisis what can save capitalism now joining me now from hanover New Hampshire is Dartmouth College is labor market economist and former bank of England Monetary Policy Committee member professor David Blanchflower danny thanks so much for coming on so your recommendations for slashing Interest Rates arguably did way more than austerity for saving britain after the Bank Bailouts and the austerity how can britain recover from covert given per capita its death rate is the highest in the g 20. Well you got to keep spending money you gotta
Is talking about stopping that from me well we have 1300000 unemployed now with a rate of 4 point one percent if they stop its hard not to see the Unemployment Rate at least easily hit in 20 and probably more so the obvious thing is youve got to keep going and anything related to what you did from 2010 to 2020 is a disaster and im im im a beginner to cameron in a 2nd but im going to tell you ritchie cynic says the firmer scheme should not and cannot go on forever and everyone who says it should be extended after october would then just say it has to continually extend therefore thats the argument for stopping it. Well i didnt say it should go on forever but i certainly think it should go on for a year or so i mean france and germany have agreed that theyll keep this going for 2 years but if this government wants to have an Unemployment Rate of 37 percent or 28 percent on a number like that keep saying stuff like that the bank giving the doesnt have a lot of leeway i mean its talked abo