My friend wrote as follows (shown in Italic letters):
I'd introduce a massive, wholesae Keynesian policy, of state spending to invest in infrastructural development and to uphold demand across manufacturing and industry. Then, utilise the subsequent growth to pay down the subsequent high debt levels.
Coalition is monetarist and fiscall conservative, thus I disagree. Labour aren't real Keynesians, they just want to spend money haphazardly all over the place - thus they are even more dangerously irresponsible than the coalition. Labours non-economics would merely result in protecting vested interests.
(My comment)
Although I quote a lot of Keynesian analysis, I am monetary and fiscal conservative. There is an example: One of the reason why I say is that I often refer to the "liquidity trap" mentioned by Keynesian analysis to reject the "hypowered money" mentioned by the one type of monetarists.
By the way, your theory faces on the contradiction:
(1) You support liberal economism,
(2) you support Keynesian policy,
(3) you support the European Monetary and Fiscal integration,
(4) you support the Federalism in the European Union level
(5) then you support Human right in the European Unionism
Then, (4)+(3)+(2) contradicts (1),
although (2) or (2) + (3) itself does not necessarily contradicts (1) if it is in a smaller scale.
If I were supporting your policy, I would add
(6) Abolition or minimisation of trade unions in the EU (at least to the US level), and setting minimum wage at the level of the most deprived EU member country.
and
(7) strong Fascist social policy intervention to enforce to replace the national governments with the branch local authorities of the European Federal government and to eliminate the enermies and the social defectors who disrupt the smooth European integration under the federal rule.
But if you add all up from (1) to (7), you MUST subtract (5) to accomplish all the rests.
If German 3rd empire had conquelled the whole Europe, the true and stable united Europe would have been established.
The current speed of the both economic and social European integration is too slow and too unstable!
At least, Britain should keep away from the wave of this danger...
