Via The Cobden Centre:

The absurd tragedy of our situation, explained brilliantly here (albeit in a US context), is astonishing. For a more formal corrective, see this primer.


  1. Stupid republican propaganda having a go at Obama, it wan’t Ben Bernake’s fault the recession happened, and he is simply trying to do his best

    • There are no prizes for trying hard when you have the power to create money at a stroke in the world’s largest economy.

  2. Brilliant!

    I hope George Osborne and Mervyn King have seen it.