Hello Tony! I realised I never commented on this piece at the time you wrote it, because I did not have much to add beyond what I had said in my Facebook discussion with Edward.

Anyway, thought you might be intersted in this article that found via The Austrian Economists blog : http://thinkmarkets.wordpress.co...macroeconomics/ which addresses the same issues.
Deepak Jois | Homepage | 07.20.09 - 10:35 pm | #