Douglas Carswell's Blog

How's that economic recovery coming along?

Liam Halligan had this to say in yesterday's Sunday Telegraph;

"The Western world's macroeconomic response to "sub-prime" - the virtual "money-printing" and massive fiscal boosts - has been a mistake of historic proportions. By borrowing even more, and debasing our currencies, our "leaders" have merely dodged - that is, delayed - the need for really tough actions. In doing so, they accelerated and accentuated the end of the West's economic hegemony."

Yet three years after the credit bubble burst, still the "debate" in Britain seems to be between print-and-borrow max V print-and-borrow lite.

As Keynes said, when the facts change....

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