The images used by politicians can simplify difficult theories,but they are also being used to mislead usBanks trembling, shares tumbling and gathering fears of a novel slump. The start of 2016 has been chilling for a global economy that has still to shake off the crisis of 2008. Worse, or there is no agreement on what to achieve should the worst happen again. The large 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, and because history suggests that the words they use matter. Related: The Guardian view on the world economy: don’t drive on winding roads with a steering lock | Editorial Continue reading...
Source: theguardian.com