Archives for: Adam Posen

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Spending our way out of debt with borrowed money is not the solution

by Mitch Feierstein about 2 years 3 months ago

The United Kingdom has too much debt. Reports normally focus on government debt: currently around 80% of national income, unless you take into account (as you should) the debts of the bailed-out banks and their toxic portfolios, which would pretty much double that figure. But what about consumer debt? Mortgage debt? Business debt? The huge [...]

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The Austerity Games

by Mitch Feierstein about 2 years 5 months ago

Teen hit The Hunger Games tells of a world where starving children in a post-apocalyptic world are forced to battle each other to the death, for the entertainment of a small coterie of the wealthy and powerful. The book is by Suzanne Collins, who published her novel one day before Lehman Brothers collapsed: the moment [...]

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A Bet For Sir Merv the Swerv

by Mitch Feierstein about 2 years 7 months ago

  ‘Inflation falls.’ That’s the headline countless British consumers have been longing to see. And inflation isn’t just falling: the Bank of England predicts that prices rises will be down as low as 1.7% some time later this year. If that’s true, it’ll be a blessed relief for countless consumers. Personally, though, I’m just about [...]

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The Court of the Sun King

by Mitch Feierstein about 2 years 7 months ago

Must be nice being Swervyn Mervyn. Nice to be so secure in your job that you can reject any idea of checks and balances on your all-but-supreme power. Nice that ex-Chancellors of the Exchequer view you as some Sun King beyond any check. Nice to have a £400,000 salary and plenty of time to enjoy [...]

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