{"id":12329,"date":"2015-06-23T11:47:26","date_gmt":"2015-06-23T15:47:26","guid":{"rendered":"http:\/\/multiplier-effect.org\/?p=12329"},"modified":"2015-06-23T11:47:26","modified_gmt":"2015-06-23T15:47:26","slug":"martin-wolf-on-the-uks-sectoral-balances","status":"publish","type":"post","link":"https:\/\/blogs.bard.edu\/multiplier-effect\/martin-wolf-on-the-uks-sectoral-balances\/","title":{"rendered":"Martin Wolf on the UK&#8217;s Sectoral Balances"},"content":{"rendered":"<p>In this video segment, Martin Wolf briefly illustrates the UK&#8217;s &#8220;severe sectoral imbalances&#8221; and the dangers of the\u00a0current government&#8217;s budget policy:<\/p>\n<p>&nbsp;<\/p>\n\n<!-- iframe plugin v.6.0 wordpress.org\/plugins\/iframe\/ -->\n<iframe loading=\"lazy\" width=\"427\" height=\"255\" src=\"https:\/\/www.youtube.com\/embed\/bVU0LpZrLlk?start=2601\" frameborder=\"0\" 0=\"allowfullscreen&gt;&lt;\/iframe\" scrolling=\"yes\" class=\"iframe-class\"><\/iframe>\n\n<p>&nbsp;<\/p>\n<p>Below is\u00a0what Wolf describes as his favourite chart (discussed at 48:40), which puts the UK&#8217;s public debt situation &#8212; the ostensible justification\u00a0for the above-mentioned budget policy &#8212; in historical context:\u00a0&#8220;the idea we were in a public debt crisis was a fantasy.&#8221;<\/p>\n<p><a href=\"http:\/\/multiplier-effect.org\/files\/2015\/06\/Martin-Wolf_Public-Debt-Since-16921.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-12362\" src=\"http:\/\/multiplier-effect.org\/files\/2015\/06\/Martin-Wolf_Public-Debt-Since-16921.png\" alt=\"Martin Wolf_Public Debt Since 1692\" width=\"499\" height=\"314\" srcset=\"https:\/\/blogs.bard.edu\/multiplier-effect\/files\/2015\/06\/Martin-Wolf_Public-Debt-Since-16921.png 631w, https:\/\/blogs.bard.edu\/multiplier-effect\/files\/2015\/06\/Martin-Wolf_Public-Debt-Since-16921-300x189.png 300w\" sizes=\"auto, (max-width: 499px) 100vw, 499px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this video segment, Martin Wolf briefly illustrates the UK&#8217;s &#8220;severe sectoral imbalances&#8221; and the dangers of the\u00a0current government&#8217;s budget policy: &nbsp; &nbsp; Below is\u00a0what Wolf describes as his favourite chart (discussed at 48:40), which puts the UK&#8217;s public debt situation &#8212; the ostensible justification\u00a0for the above-mentioned budget policy &#8212; in historical context:\u00a0&#8220;the idea we [&hellip;]<\/p>\n","protected":false},"author":202,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[141,1131,297,822,289,665],"class_list":["post-12329","post","type-post","status-publish","format-standard","hentry","category-fiscal-policy","tag-austerity","tag-fiscal-policy","tag-martin-wolf","tag-public-debt","tag-sectoral-balances","tag-uk"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/12329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/users\/202"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/comments?post=12329"}],"version-history":[{"count":34,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/12329\/revisions"}],"predecessor-version":[{"id":12366,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/12329\/revisions\/12366"}],"wp:attachment":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/media?parent=12329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/categories?post=12329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/tags?post=12329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}