I love recessions, or so you would believe if you agreed with Sunny Hundal.
Sunny recently wrote a post for Labour List entitled: The reality of Gordon Brown’s spending: Black Labour can’t re-write history I wrote a comment on the post stating that Sunny was wrong and why he was wrong.
I was told by Sunny that it was a 'ridiculous attack' and that it was implied that I love recessions. For a start, it wasn't an attack. It was a comment pointing out that he was wrong and why he was wrong. Do I love recessions? Does anyone love recessions? The answer to that is no. However, I realise the value that come out of recessions, like an innovated economy and an eradication of the weak(er) sections of the economy. This creates a more balanced economy. Good things, no?
Instead, Sunny would probably seek to spend and spend and spend, ignoring the fact that recessions are actually healthy for an economy and perpetuating any future crisis.
Anyway, the argument is purely academic as one cannot change the course of history. One can, however, change the course of the future.
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