July 9, 2020

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Austerity v. Growth

The War over Austerity v. Growth

Austerity vs Growth

Austerity vs Growth

Should governments focus on borrowing less to finance their spending — or rather focus on spending even more, to promote economic activity, giving debt reduction a lower priority? This is the austerity versus growth argument that divides economists into two increasingly vocal opposing camps offering policymakers conflicting advice. [Read more…]

Worse than the Thirties

It’s even worse than the Thirties

fiscal deficit

Fiscal Deficit

Two years down the track, where do things stand?

Lots of pain is being experienced, without much gain. Inflation – largely a consequence of a 25 per cent fall in sterling’s exchange rate in the global financial crisis – has soared. [Read more…]