Great piece from Darren Hall
in Huffington Post UK
'How exactly will you pay for that?' - is probably the most common question from the mainstream media this election, especially when it comes to Green Party policy. On one level this question is entirely appropriate and reasonable. On another level however, it reveals the dominance of one limited - and increasingly disputed - view of macroeconomics.
When we spent £850billion bailing out the banks, the question, 'how are you going to pay for that', was much less salient. There was a consensus at the time, that if we didn't bail out the banks, the longer term costs would be much greater. In contrast we seem to have a collective blind spot when it comes to questioning the longer term cost of cuts to social services.