It is worth reminding ourselves from time to time that the cuts programme imposed by the Con Dem government is a political choice rather than an inevitability. Indeed there is a good argument, expounded by Paul Krugman, that George Osborne's economic strategy is fundamentally wrong. Aside from the cuts agenda going too far and too fast, the complaints about inflationary dangers are also pretty dodgy.
I suspect that George Osborne, David Cameron and their eager helper Nick Clegg areall robots of a rightwing upbringing in the 1980s that saw a fixation with low inflation and an ever shrinking government as objects of almost religious importance.
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