How to end a recession?
Take a leaf from Eric Lonergan’s MoneyHow do governments end recessions and stimulate growth? How do we end a crisis the breadth and depth of that suffered in the Eurozone from 2009-2012? We might think increasing government spending, cutting taxes, or reducing interest rates – the traditional go-to tools of government economic policy – are the best way. Or that austerity, although with its detractors, is effective in stimulating the economy. Not so, argues Eric Lonergan in his new book Money. Through a masterful analysis and critique of what money actually is, Lonergan reveals the wrong