What's the connection between a popular dance from the early 1960s, a London orphan, the Beatles, and US monetary policy? The key word starts with "T" and ends with "T". Got it?
Taking the advice of Colin Beaven, the ever-popular columnist for Spotlight magazine, I have decided to connect two unrelated ideas: cruise ships and the current economic crisis. The connection is closer than you might think.
This month saw the death of one of Britain's most colourful and inspiring economists: Wynne Godley. A former professional oboe player, he became famous for his pessimistic views about the British and US economies.
Over the past year, the term exit strategy has entered the vocabulary
of economics. But what exactly is such a strategy? This is the topic of
the 45th item in our regular Economics for Amateurs (EFA) series.
The recent recession has again highlighted the question of what
governments can do to influence the level of economic activity. One potential weapon is fiscal policy. But what is it exactly? Economics for amateurs, part 28.
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