Sunday, January 29, 2012

Davos policymakers playing Global Apocalypse

If the world economy was a video game, the central bankers and politicians have been struggling to master the controls – and remain stuck on the first level.
Read it at The Guardian (UK)
Davos policymakers are playing Global Apocalypse – and running out of lives
by Larry Elliott | Economics editor
(h/t Kevin Fathi via email)


David said...

Cute metaphors and analogies but the author's understandings and prescriptions are also inadequate where they are not misguided. Sort of Krugmanesque.

Tom Hickey said...

Yeah, I like the game analogy and being stuck on level one. Kind of captures it if they really think that "expansionary fiscal austerity" is the way out.