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Lord Barnett obituary

Black

The misfortune of most Labour Treasury teams has been to spend most of their time in office preaching austerity to resentful colleagues.

Central banks need exit strategy from post-crisis policies

Ben Bernanke

September 16 2008 was the day central banks stopped being boring. The day Lehman Brothers went down was the cut-off point between conventional monetary policy – moving official interest rates in baby steps to keep inflation low – and unconventional monetary policy.

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