BBC Newsnight's 3 minute guide to Thomas Piketty's Capital

Four Fallacies of the Second Great Depression by Robert Skidelsky

Esteemed economist Robert Skidelsky debunks 4 fallacies extolled by proponents the current economic consensus.

* Lesson of the thrifty Swabian Housewife
* The government cannot spend money it does not have
* The national debt is deferred taxation
* The national debt is a burden on future generations

And a classic Skidelsky quote to close.

"We can learn from the experience of the 1930’s. A rising tide lifts all boats; a receding one ignites a Hobbesian war of each against all."

"We can learn from the experience of the 1930’s. A rising tide lifts all boats; a receding one ignites a Hobbesian war of each against all." ~ Robert Skidelsky, Project Syndicate, Oct 2010

Pieter Bruegel the Elder , Avarice, 1556

History of the Euro

"And when crises arise, economically disarmed nations have little to do but wipe away government regulations wholesale, privatize state industries en masse, slash taxes and send the European welfare state down the drain."

Two articles in the left wing media about the same man. Fascinatingly different interpretations.

Niall Ferguson: admirable historian, or imperial mischief maker?

Niall Ferguson and the brain-dead American right.