Words ought to be a little wild, for they are the assault of thoughts on the unthinking
- J.M. Keynes

Tuesday, 12 March 2013

Smelling salts not steroids needed Mr. Chancellor

As the Chancellor looks to experimentally test whether Einstein's definition of insanity holds up, the consequences of easy money policy are fairly clear (graph below). The main beneficiary from debauching the currency seems to be the London housing market. Maybe its time for King and company to abandon their neoclassical dogma? (Given Rt. Hon. George Osborne's lack of Economics education he can take refuge in the excuse that he is being extremely ill advised)
Source: Office of National Statistics, Landregistry.gov.uk, Oanda.com

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