Three errors, all stemming from obsolete and discredited 1990s and early 2000s style thinking, have vitiated our national responses to inflation thus far. Counterpart errors, as it happens, account for our past 50 years’ economic, hence social and political, entropy.
Economics
Chris Dillow: Frames, stories, and political change
We can sometimes explain without being able to predict Read here
Austerity
Emma Dent Coad: Kensington and Chelsea is a microcosm of the evils of austerity
This article provides a good description of what daily austerity looks like in Britain and where its ideological support comes from and functions. Read here
Economics
Bill Mitchell: The NAIRU should have been buried decades ago
Central bankers have resisted buying into the inflation mania because they know that the current price pressures are temporary and they will only worsen the unemployment if they acted as they did in the past. […]
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