Liberal Vision

Keynesians, Neo-liberals and the Government’s economic recovery train wreck

The government’s economic recovery policy consisted of two tracks: “fiscal stimulus” and “quantitative easing.” The former was discredited decades ago, but now the latter, too, appears to be failing, despite it being the tool-of-choice of the neo-liberal consensus that dominated macro-economics since the 1980s.

My latest article at the IEA blog spells out why.