We need a new language to talk about the economy | Tom Clark
by Tom Clark from on (#14EEM)
The images used by politicians can simplify difficult theories, but they are also being used to mislead us
Banks trembling, shares tumbling and gathering fears of a new slump. The start of 2016 has been chilling for a global economy that has still to shake off the crisis of 2008. Worse, there is no agreement on what to do should the worst happen again. The big ideas that might make a difference - targeting higher inflation, printing money to give consumers something to spend with, or ploughing serious public funds into infrastructure - remain too contentious for politicians to voice out loud. That is a shame, because history suggests that the words they use matter.
From economics seminars to rage-pumped Trump rallies there is a consensus: we need to do better next time
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