THE ECONOMIST

Economic realities continue to bite

The concept of active government support during economic downturns (Keynesian economics) versus Milton Friedman’s Chicago School favouring monetarism – whereby government did not expand money supply nor support easy credit and tax and spend policies – remain at loggerheads.

The IMF has downgraded the global economy growth forecasts for the second time

The concept of active government support during economic downturns (Keynesian economics) versus Milton Friedman’s Chicago School favouring monetarism - whereby government did not expand money supply nor support easy credit and tax and spend policies - remain at loggerheads.

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