Monthly Archives: January 2014

Mind the gap

Higher productivity causes unemployment which can only be alleviated by new growth. When demand is racing along in the boom years the inescapable logic of this arithmetic is disguised. When the boom comes to a shuddering halt, it’s painfully clear. … Continue reading

Posted in Uncategorized | Tagged , , , | Leave a comment

Six months on

Returning to new posts after six months in which the unassailable logic of monetary policy has been proven once again….a storming return to growth within the UK economy,  boosted by an unrelenting flood of cheap money and low interest rates. … Continue reading

Posted in Uncategorized | Tagged , , ,