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 6 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 8 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 10 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 10 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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