Friday, 21 March 2014

New Economics For Beginners

There is so much going on and at such speed it is difficult to know where to begin or end.  My thesis that the old economics is as dust and gone with the computer age now seems to have the agreement of the Bank of England.

The Automatic Earth points to the documents on money creation in the economy issued by the Bank recently which supports my complaints that Interest may have gone but is not forgotten.  It is a longish piece but tells us we are living in a new economic world.

Whether this will be any good to us will depend on where we are and where we are going.  Live Science has a little diagram which points out the options and is featured below. 

Take your pick.

1 comment:

  1. Very interesting and worth more study. Quite where it leaves savers I'm not sure though.