A workplan and an excellent link
Yesterday’s post seems to have got a fair bit of interest and attracted some interesting comments. Jolly good.
Lots of questions to answer – and it’ll take more than the comments box to satisfy them.
So the plan is three more posts on this subject this week – starting tomorrow.
I’ll briefly cover Dalton’s ‘Cheaper Money’ policy of 1945-47: the aims, what worked and what went wrong.
On Thursday I’ll answer Luis (and Giles) more theoretical points. And on Friday I’ll try and update the Keynesian debt and interest rate management policies of the 1940s to modern financial markets.
It’s going to be a busy week…
In the meantime Giles has produced an excellent spreadsheet that lets you play with GDP assumptions: have a try. The link is at the bottom of the page – and whilst you’re there have a read of Giles’ ‘Slash and Grow’ report on Osborne’s plans.