Innovative economic policies for the 21st century

London

UNLIKE rapid advances of technology and medicine, developed nation economic policies are stuck in a quagmire. Innovative, lateral thinking strategies are thus essential to generate economic growth.

Quantitative easing (QE) - excessive monetary ease and almost zero interest rates - combined with European austerity of high taxation and lower government spending, have clearly failed to generate adequate growth. Those crying for old-time Keynesian policies of higher government spending and borrowing to boost demand for goods and services are ignoring current excessive debt of numerous nations.