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.
- Why is Janet Yellen talking the US Dollar down?
- The Bank of England finds that its own Quantitative Easing worked superbly!
- Not buying an annuity? Could investment trusts be the answer to your income needs? Plus Pacific Assets and Schroder Oriental Income
- Property outside London - what's the market like if we ignore the Capital?
- Housing boom continues apace as mortgage lending rockets by more than 33%
- The US should repeal its 40-year-old ban on exporting crude oil. Here is why.
- Wages rise but still remain below pre-financial crisis levels for both the private and public sector
- Shawbrook offering one-year fixed rate bond at 1.95%
- The FTSE - a fatuous financial fallacy?
- Are the oil majors having to come to terms with the dawning of solar power and what should investors do?
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.