Tag Archives: debt

Car Crash Economics

Someone asked me recently what I thought of the ConDem government’s management of the economy.  My response?  Like a car crash, only rather more horrific.  Allow me to explain… Back in 2007/8, the UK economy nose-dived.  The uncontroversial cause was the bursting of a credit bubble, which left the private sector with huge debt relative […]

Let them explain Japan

At a recent Green Party meeting, we asked Martin Horwood MP the following question: “Despite posting consistent budget deficits for the past two decades (racking up a “national debt” more than twice its GDP in the process), the Japanese government continues to be able to sell its bonds at low interest.  How does this square […]