Keynes, Balls, austerity and what voters deserve

John_Maynard_KeynesFrom The Commentator: Ed Balls’ recent announcement that Labour would prepare its Shadow Budget within Coalition spending limits came less than two weeks after the IMF urged George Osborne to slow the pace of cuts.

So why did the Shadow Chancellor meekly abandon his position just as it received tacit endorsement from an organisation that was hitherto austerity’s biggest cheerleader?

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