Death spiral

An Old English economist in New England exile tells it like it is…

David Blanchflower’s thesis may be a little hyperbolic, but it is a reasonable rhetorical point he’s making here. This Channel 4 interview is a welcome counterbalance to the arselickery of the British media when it comes to our shiny new Con-Lib government, so full as it is of youth and vitality. Personally, I smell bullshit. In tractor loads.