A Word to the Wise Leeds when it was opened on 24 May 1771. It was later staged by the American Company in North America. A Word to the Wise A Word to the Wise is a 1770 comedy play by the Irish writer Hugh Kelly. It was his second work after the 1767 hit "False Delicacy". Kelly was known as a supporter of the government, and an opponent of the radical John Wilkes. During the second performance of the play a riot broke out amongst Wilkes' supporters at the Drury Lane Theatre and the play was subsequently withdrawn. When it was published instead Kelly
Fiscal policy a lower aggregate demand for goods and services, contrary to the objective of a fiscal stimulus. Neoclassical economists generally emphasize crowding out while Keynesians argue that fiscal policy can still be effective especially in a liquidity trap where, they argue, crowding out is minimal. Some classical and neoclassical economists argue that crowding out completely negates any fiscal stimulus; this is known as the Treasury View, which Keynesian economics rejects. The Treasury View refers to the theoretical positions of classical economists in the British Treasury, who opposed Keynes' call in the 1930s for fiscal stimulus. The same general argument has been