a blog post by Owen Tudor in the Touchstone (from TUC) blog
The famous remark, commonly attributed to Keynes, that “when the facts change, I change my mind…” could be about to face a stern test. The IMF is about to publish the findings of research by staff members that finds no evidence that labour market deregulation promotes growth.
This will prove most uncomfortable for those right-wing politicians and pundits who promote restricting workers’ rights in the name of economic well-being, as well as the IMF itself (and some misguided centre left politicians too, if the European Commission and several continental socialist governments are anything to go by).
So they’re likely to ignore it.
That’s why it’s important for you to know, so you can keep reminding them what the facts are.
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