Austerity fails, yet we're too shy to think outside the box | Simon Jenkins

Like Dickens's Mr Dorrit, we are hamstrung by our debt, denied the means to earn our recovery. An alternative is needed

Inflation is falling, debt is rising, growth is static and credit is edgy. All these are facts. There must be an economic equation that says what to do next. So where are the economists when we need them? As usual they have taken to the hills. You cannot get a straight answer for love nor money, even on Valentine's Day and from the Bank of England.

The global recession is...