June 16, 2009
The Bank calls in an expert on deflation, debt and the lost decade
Posted by: : Category: Uncategorized
It is fitting that Alistair Darling has chosen Adam Posen as the latest member of the Monetary Policy Committee. The Peterson Institute’s Deputy Director is, as Paul Krugman puts it, “go-to guy for understanding Japan’s lost decade”. Given there is still a pretty good chance of a Japan-style fate befalling the UK, it seems more likely than not that his expertise played a key role in his selection.
<img src=”http://fast1…
Source: Business ListingsLeave a Reply
