Read it at The Guardian (UK)
If the world economy was a video game, the central bankers and politicians have been struggling to master the controls – and remain stuck on the first level.
Davos policymakers are playing Global Apocalypse – and running out of lives
by Larry Elliott | Economics editor
(h/t Kevin Fathi via email)
Cute metaphors and analogies but the author's understandings and prescriptions are also inadequate where they are not misguided. Sort of Krugmanesque.
ReplyDeleteYeah, I like the game analogy and being stuck on level one. Kind of captures it if they really think that "expansionary fiscal austerity" is the way out.
ReplyDelete