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thescienceguy

Listed below are comments made by thescienceguy between Friday, 1st May 2009 and Thursday, 28th May 2009.

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The New Normal? 1:47pm on 28 May 2009 By what mechanism does a larger public debt lead to higher interest rates for everybody else? Is it just that more sterling is being borrowed from a fixed number of lenders, and increased demand for borrowing allows lenders to increase the 'price' (interest rate)?
Busted 10:02am on 01 May 2009 There is another possibility, which is that there is no constant "trend" growth rate, and that for many years we have overestimated the potential of our economy to continue to grow. If you do a rough plot of annual growth rates since the 1970s, they do seem to have fallen steadily across the developed world. It may be that we have already invented and installed most of the easy technology, and each innovative step from here on will be harder than the last. If true, this wouldn't mean that we are all doomed, just that we should lower our expectations about future growth! Life in the developed world is pretty comfortable anyway.

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