Sunday 31 January 2010

The Brits are dumber than the Yanks; and Keynes will always beat Hayek

Shakespeare's plays imply a great deal about his audience, and so does the video below (hat-tip to Nathan Martin). I have not seen material like this made by and for the British market. Why not?

Economists are still warbling the lays of the free market, but I haven't seen them explain how Western prices and incomes can dwindle on the global market when our debt is huge and fixed. I think the best we can hope for is to manage our fall in average living standards, so that it happens more slowly.

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