Daily Archives: September 19, 2013

In this week’s Wednesday column, Martin Wolf argued that the collapse of Lehman Brothers five years ago was merely a symptom of deep-rooted problems in the global economy. He suggests – rightly, in my view – that the underlying stresses stemmed from the global saving glut and excessively loose monetary policy – itself an inevitable response to the global savings glut.

It is odd, then, that while Mr Wolf admits the glut still exists, he concludes that policymakers today should persist with aggressive monetary stimulus. His “least bad” option is, however, precisely the approach which led to the crisis in the first place. Repeating the process could be regarded as no more than an act of folly. Continue reading »

The A-List

About this blog Blog guide
Welcome. This blog is available to subscribers only.

The A-List from the Financial Times provides timely, insightful comment on the topics that matter, from globally renowned leaders, policymakers and commentators.

Read the A-List author biographies

Subscribe to the RSS feed



To comment, please register for free with FT.com and read our policy on submitting comments.

All posts are published in UK time.

See the full list of FT blogs.

What we’re writing about

Afghanistan Asia maritime tensions carbon central banks China climate change Crimea emerging markets energy EU European Central Bank George Osborne global economy inflation Japan Pakistan quantitative easing Russia Rwanda security surveillance Syria technology terrorism UK Budget UK economy Ukraine unemployment US US Federal Reserve US jobs Vladimir Putin

Categories

Africa America Asia Britain Business China Davos Europe Finance Foreign Policy Global Economy Latin America Markets Middle East Syria World

Archive

« Aug Oct »September 2013
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
30