As I walked into the coffee shop at Blackwells this morning, I noticed a display of books all about the great depression and depression economics.
It is a sign of the times that economics has become one of the most talked about subjects.
In many ways this current recession / credit crisis is setting new ground as it is different to the recessions which have preceded it.
The first issue is that we have already exhausted most policy measures which usually help us recover from a recession. There is now an element of having to wait and hope that the economy recovers, with the help of what we have tried so far.
Video on – Is there anything more that we can do?
Now we are out of rate ammo – by Hamish McRae at Independent