Blanchflower, what a player (Taylor on Travel)

Blanchflower, what a player

Anyone who missed David Blanchflower's comment in The Guardian of July 15, headlined "And next, the semi-slump", should do themselves a favour and catch up online.

Blanchflower was a member of the Bank of England's monetary policy committee until May, and probably the most critical of official policy.

He quotes John Maynard Keynes warning in 1930 that, "The duration of the slump may be much more prolonged than most people are expecting", and goes on to explain why that might apply today.

I recommend saving the article for re-reading each day the FTSE rises.

Posted by Ian Taylor on July 27, 2009 4:10 PM | Permalink

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