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« Drawing Lessons from the Public Sector Pay Talks | Main | We Are Not a Cost »

June 16, 2015

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Ciaran

Michael,

Just a slight adjustment to your analogy - in this case, the warning system itself is likely to cause your car to crash.

Governments should never (or very rarely) aim for surpluses - a country's finances are different from those of a family or a corner shop.

You're also absolutely correct to highlight the more pertinent dangers of private debt levels. Apparently, this is a necessary price to pay for the much-vaunted concept of 'wage restraint'.

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