The question of more monetary intervention or fiscal policy solutions has been discussed for years. As Piketty points out, it is not that simple, any solution will have to solve a large numbers of issues from climate disaster to tax laws. It is the capitalist system that is up for discussion.
While George Osborne is crowing about the success of austerity, Simon Wren-lewis examines the high costs of Osborne’s failed economic policy. Read here
Imagine how apoplectic they are all going to be once the deficit goes to 10 per cent or more and the central banks are buying up all the debt. Read here