Clik here to view.
Economic Bloodletting
In older times bloodletting was a common medical practice. A doctor would treat a poorly patient by pumping out a few glugs of blood in the hope that it would cure them. The patient would then decline...
View ArticleClik here to view.
The Austerity Fairy
Today I’ve been playing with the greatest toy ever created. It’s not a Sony Playstation and it’s not a Pokemon. It’s a Rubik’s Cube. The Problem One of the things that makes a Rubik’s Cube so great is...
View ArticleClik here to view.
Depression
Do you remember that time that Alistair Darling did that terribly apolitical thing of trying to tell the truth and said there was a recession coming that would be the worst since the Great Depression?...
View ArticleClik here to view.
Lies, Damned Lies and Austerity
Today David Cameron once again reiterated his intention to continue down the path of austerity in order to sort out the UK’s economy. David does this a lot and continually comes back to his belief that...
View ArticleClik here to view.
Good News
Today David Cameron gave a strong hint that the GDP figures to be released tomorrow will be “good news”. As Jonathan Portes quickly pointed out, someone in the know even hinting at the figures before...
View ArticleClik here to view.
Depression and Optimism
George W. Bush once famously said: Fool me once, shame on you. Fool me… errr… twice…. errr.. umm….. He was great, wasn’t he? I suppose the irony of that statement was that there are probably very few...
View ArticleClik here to view.
The Unteachable
As I wrote over the weekend, today was the day we’d find out what the markets thought of the UK’s credit rating downgrade. For the last three years George Osborne has been arguing that maintaining the...
View ArticleClik here to view.
Losing the Argument
I read Phillip Inman’s piece in The Guardian last weekend entitled, “9 reasons Keynesians aren’t winning the argument”. I always feel a little bit uncomfortable with how the term “Keynesian” is used,...
View ArticleClik here to view.
It’s the Recovery, Stupid.
Ok, I had a bit of fun in my last post but the (hopefully) obvious point I was making was really anything but fun. The bloodletting analogy works very well and not only because that ancient practice...
View ArticleClik here to view.
Good News
Today David Cameron gave a strong hint that the GDP figures to be released tomorrow will be “good news”. As Jonathan Portes quickly pointed out, someone in the know even hinting at the figures before...
View Article
