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