
Another trip, another embarrassment for Brown
For a while it looked like Brown was about to go to a country without some comic mishap. But he didn’t let us down. Michelle Bachelet, the Chilean President, noted at her joint press conference with Brown how her government had been able to introduce a significant fiscal stimulus because of their “decision during … the good times in copper prices, we decided to save some of the money for the bad times and I would say that policy today is producing good results.” – a prudent approach that Brown, sadly, didn’t take in Britain. It’s worth noting that Bachelet is authentically Keynesian: the whole principle behind stimulus is that
