Keynesians still rule the policy roost, it seems. Everywhere stimulus packages are being enabled or planned, never more so than at the fag end of Gordon Brown’s Labour government. Just look at so-called automatic stabilisers …
Finance
King defeated on QE
Printing money is becoming a habit it seems for the Bank of England. While extending QE by £50bn this month, the Governor wanted even more …
UK economy in deflation
The World Bank believes that idle factories risk a deflationary spiral in many developed countries. Capacity use has fallen to 72pc in Germany, 69pc in America, 65pc in Japan, and even 50pc in some developing nations.
