Mar 182015
 
Managed depression

Why are interest rates so low? The best answer, says Martin Wolf, principal economics columnist of the Financial Times, is that the globe’s advanced economies remain in a “managed depression.” This is the phenomenon that former U.S. Treasury Secretary Lawrence Summers has in mind when he writes and speaks about [continue reading . . . ]






Jun 052012
 

Martin Wolf, much-honored chief economics commentator of the Financial Times, has been my beacon during the financial crisis. So it is especially discouraging to read his June 6, 2012, column, headlined “Panic has become all too rational”. Wolf argues that the advanced economies are caught in a “contained depression,” that [continue reading . . . ]