“Be scared until politicians actually do something about the world economy”. That’ts the scaring front page of The Economist this week. “Now, more often than not, policymakers seem to be getting it wrong. Their mistakes vary, but two sorts stand out. One is an overwhelming emphasis on short-term fiscal austerity over growth.The second failure is one of honesty. Too many rich-world politicians have failed to tell voters the scale of the problem”. You can read their whole scaring manifiesto here.

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