In the land of his birth, Keynes’s view that deficit spending is crucial to avoiding a long...

|By:, SA News Editor

In the land of his birth, Keynes’s view that deficit spending is crucial to avoiding a long recession is being willfully ignored, as Britain prepares to swallow its austerity medicine. Better take note, Americans, because "savage" austerity is in your future, too, Citigroup's (C) Willem Buiter says.