Britain can afford to live with high debt ‘forever’, says IMF – Telegraph

Olivier Blanchard, the International Monetary ...

Olivier Blanchard, the International Monetary Fund’s Economic Counsellor and Director of Research, during the World Economic Outlook (WEO) press conference, October 8, 2008 at the IMF Headquarters in Washington DC. (Photo credit: Wikipedia)

This is a must-read article from the Telegraph, citing latest research evidence from the IMF.

via Britain can afford to live with high debt ‘forever’, says IMF – Telegraph.

It looks like Oliver Blanchard, Chief Economist at the IMF is promoting his Keynesian values again. Originally, the high-priest of austerity, the IMF is now promoting the benefits of massive public sector investment in infrastructure – the cost at the margin is higher levels of national indebtedness. Watch out for big name economists to pile in to the debate (it will help sell their latest books).

Of course, these viewpoints are highly politically charged too. It puts the likes of UK Chancellor, George Osborne, on the back foot – critics will argue that Osborne’s austerity is politically motivated in favor of a smaller government.

Thoughts?

Stiglitz, De Blasio and Warren team up against inequality | Business | Deutsche Welle

Conservative Party (UK)

Conservative Party (UK) (Photo credit: Wikipedia)

Deutsche Welle

Deutsche Welle (Photo credit: Wikipedia)

This is an outstanding, must-read from leading German news agency, Deutsche Welle. Check it out!

via Stiglitz, De Blasio and Warren team up against inequality | Business | DW.DE | 12.05.2015.

Amazingly, a Nobel winning economist (former chief economist of the World Bank, New York’s Mayor, and a radical senator all combine forces against inequality. They defend the US middle and working classes, who have had a raw deal. Most importantly they provide practical solutions.

As a conservative not a liberal, I do not agree with all the proposals but there are some excellent ideas.

Interestingly, some of these remedies could be relevant to the UK as well, especially the new Conservative government that is looking to be one-national-conservatives.

Apart from the UK, these proposals are relevant other European countries, especially Germany.

Thoughts? You’re views matter. Why don’t you share them below?