Die 1970er Jahre sind wieder da, wenn schon nicht in der Mode, dann doch in der Wirtschaftspolitik. Nur leider funktionieren die Rezepte von damals immer noch nicht:
Still no life on Mars
With much fanfare Channel Ten has started screening the new series of Life on Mars, in which a policeman is thrown back into the 1970s and struggles to understand what’s going on. His new environment looks very outdated and yet quite recognisable at the same time.
Economists these days know the feeling as they are on a similar time travel back into the 1970s. The global financial crisis may not have brought back bell-bottoms and platform shoes, but the economic debates sound remarkably similar. Wherever we look these days, governments around the world are deploying the same old recipes that were used during the oil crises of the 1970s.