The Dad’s Army of Oz Economics are befuddled.

An excellent read at Macrobusiness this morning

But on this occasion, I am a bit biased

“And is keeping that spiggot open a solution, Gotti? Self-evidently, not.

It’s not the content of these ramblings that matter, it’s the tone and narrowness of the perspectives. These are clunking cogs spinning off axis in a failing machine. Commenter Pfh007 summarised it beautifully this morning:”

Also in slightly modified form 

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