How to end this depression
- 8 May 2012
"The depression we're in is essentially gratuitous. Recovery would be almost ridiculously easy to achieve. All we need is to reverse the austerity policies of the past couple of years and temporarily boost spending" The New York Review of Books
What's actually driving the gap between the richest and poorest? Does it hurt economic growth, or is it largely benign? Should it be reversed? Can it be reversed? Economist James Galbraith tries to answer these questions in this interview. The Washington Post
In response to Friday's disappointing US job numbers, Michael Sivy says mediocre growth, overly cautious corporations and government cutbacks are three main reasons why the US economy isn't generating enough jobs. TIME
The conventional wisdom says that recessions that follow financial crises last longer than other recessions. In this blog post, however, John Cochrane argues that financial crises certainly don't always and inevitably lead to longer recessions as some have suggested. The Grumpy Economist
Tim Worstall suggests that we concentrate on the parts of economics where we know that we're at least roughly right. Because, macroeconomics is not a science that has proven itself in the way that chemistry, biology, or various branches of microeconomics have proven themselves. Adam Smith Institute
Got any other suggestions for what we should be reading? Tell us below?
Sign up for our free email newsletter here.
- Tui Travel tipped as a "Buy" despite global unrest hitting bookings
- 10 investment mistakes and how to avoid them in the 2016 ISA season
- Mortgage rates may be low but fees have surged to a near two-year high
- Bad news for half-term holidaymakers as pound falls to one-year low against the euro
- Savers urged to act fast to make the most of higher rate pension tax relief while it still lasts
- Pension drawdown risks in the spotlight after another painful day on the markets
- Five tips to ensure a successful home insurance claim
- Pension funds fall 2.5% after a turbulent January
- Expert comment: "Time to hit the panic button?"
- Commodities cast a long shadow over earnings season
Sign up for the Mindful Money daily newsletter for news, analysis and expert opinion from Mindful Money’s journalists and columnists including Shaun Richards, Simon Ward, Nick Gartside, Justin Urquhart Stewart and many more.