History tells us that we can get out of the current economic slump if government guarantees low interest rates, rising prices, and provides a more sensible planning system

Abstract

With interest rates already very low, levels of public debt very high, there seems very little room for government to improve the current economic situation. Tim Leunig looks to history to provide a recipe for growth, arguing that, as was effective in the 1930s, the government must act to guarantee that prices rise at a certain level annually, interest rates remain low, and the planning system is reformed so that many more new houses can be built