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A 'natural and necessary' downturn

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Tom Griffin (London, OK): "Occasional slowdowns are natural and necessary features of a market economy." That's the message from a group of leading economists who wrote to the Sunday Telegraph yesterday in protest at Alistair Darling's attempts at Keynesian reflation.

Over at our sister blog oD Today, Tony Curzon Price gives the arguments of the 'rump monetarists' a thorough fisking.

Tom Griffin

Tom Griffin is freelance journalist and researcher. He holds a Ph.D in social and policy sciences from the University of Bath, and is a former Executive Editor of the Irish World.

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