How Bad was Thatcher’s Recession compared to the Current Economic Slump? Q. Well, how would you find out, exactly? A. Surprisingly easily. This graph here compares historical economic slumps with the current one, on a month by month basis. It’s taken from the “National Institute of Economic and Social Research” (NIESR) website here. Notionally, it’s… Continue reading Thatcher’s Recession, and Now?
Willie Sutton In a curious parallel with the Great Depression when many millions lost their homes and money, I’m reminded about the phrase reputedly said by a USA bank robber of the time, and how it could equally well be applied to our current predicament…. When asked “Mr Sutton, why do you rob banks?”, he… Continue reading A Military Way out of The Credit Crunch