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Tag Archives: Nouriel Roubini

Keynes, Mundell and The Money Trap

Most economic commentary, such as that of Roubini,  falls into this category (see Diary of  21/11/12). The “analysis” amounts to saying: “Oh, what a mess we are in!” We knew that already. Some vary their message by claiming to detect chinks of light in the gloom. Others conclude by saying things like, “If only the…
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“Oh, what a lovely slump!”

  Older readers of this column may remember a British film of the late 1960s called “Oh, What a Lovely War”, a skit on the first world war, using popular songs of the time, starring the likes of John Gielgud, Laurence Olivier, Vanessa Redgrave and Maggie Smith (her of the TV series “Downton Abbey” )….
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