by This piece appeared in the London Observer on Sunday, 4th March, 2018 By asserting the policy of “monetary radicalism and fiscal conservatism”, Osborne and his colleagues ensured that those responsible for the crisis benefited from the Bank of England’s quantitative easing programme, which inflated asset prices largely owned by the more affluent. Simultaneously, the Conservative government, aided by Orange Book Liberal Democrats like Danny Alexander, used austerity to shift the burden of the financial crisis away from the shoulders of those responsible and on to those least responsible. It is hubristic to celebrate that “achievement”. Nemesis – that dark, punishing female spirit and goddess – is already at work. To read it in full, follow this link Related Posts
Topics:
Ann Pettifor considers the following as important: Uncategorized
This could be interesting, too:
tom writes The Ukraine war and Europe’s deepening march of folly
Stavros Mavroudeas writes CfP of Marxist Macroeconomic Modelling workgroup – 18th WAPE Forum, Istanbul August 6-8, 2025
Lars Pålsson Syll writes The pretence-of-knowledge syndrome
Dean Baker writes Crypto and Donald Trump’s strategic baseball card reserve
This piece appeared in the London Observer on Sunday, 4th March, 2018
By asserting the policy of “monetary radicalism and fiscal conservatism”, Osborne and his colleagues ensured that those responsible for the crisis benefited from the Bank of England’s quantitative easing programme, which inflated asset prices largely owned by the more affluent. Simultaneously, the Conservative government, aided by Orange Book Liberal Democrats like Danny Alexander, used austerity to shift the burden of the financial crisis away from the shoulders of those responsible and on to those least responsible.
It is hubristic to celebrate that “achievement”. Nemesis – that dark, punishing female spirit and goddess – is already at work.
To read it in full, follow this link