Finance ministers are now simply papering over cracks having squandered the opportunity to make real changes to the way the world economy works, writes Edmund Conway. The Bank of England has produced the first apparent statistical evidence that its programme of quantitative easing may now be successfully boosting the amount of money flowing around the economy. The world's rich nations must prepare to end the flood of public cash pouring into their economies, EU finance ministers will tell the G20. Edmund Conway reveals the Bank of England's secret weapon – a weak pound. The housing market is starting to fizz again but don't be duped into thinking this credit crunch is over. Adam's Smith's 'invisible hand' is shorthand for the law of supply. The idea that the humans are growing faster than sources of food. Ricardo's principle that win-win situations do exist. A case for borrowing is born out of the Great Depression Small government with central banks in control of money supply.Edmund Conway
The Telegraph's Economics Editor gets behind the numbers to tell you what's really going in the British and global economy.
LATEST FROM EDMUND CONWAY
Boom and bust capitalism won't be fixed
Quantitative easing beginning to show in M4
EU seeks joint plan on fiscal stimulus
The empty crisp bag and the UK recession
Beware - our sins may return to haunt us
The 'Invisible hand'
Malthusian trap
Comparative advantage
Keynesianism
Monetarism
Sunday, 19 September 2010
Posts
