Previously on the Deep End, we’ve explored the idea that the western world has entered a period of permanent low growth. The latest GDP figures may allay such fears, but it remains to be seen whether anything like a ‘normal’ rate of growth can be sustained without massive amounts of quantitative easing and public borrowing. […]
Whether one prefers ‘Plan A’ or ‘Plan B’, we’re all agreed that the goal of economic policy is economic growth. Well, everyone except the crustier kind of environmentalist who sees it as a deadly threat to the planet. However, even they must see growth as the default state of industrialised economies, otherwise they wouldn’t be so […]