Fantasy economics

Posted on October 15 2019

Made in 2017. Worth sharing again:

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2 Responses

  1. Tony_B says:
    October 16 2019 at 12:05 pm

    Perhaps there is light?

    Today Martin Wolf of the Financial Times pens his criticism of the current pack of neoliberal / populist politicians – who do “Stupid stuff”.

    Amongst the stupid stuff he recognises:
    1. “nationalist-populist-protectionist” stupid stuff;
    2. “austerity-as-secular-religion” stupid stuff;
    and ends – “the refusal to accept the alternative, namely, fiscal policy. People are petrified of government borrowing even though lenders are prepared to pay for the privilege.” https://www.ft.com/content/de93525a-ee66-11e9-ad1e-4367d8281195