Many have expressed doubts that the so-called 'goldilocks economies' in the US and the UK can be sust...
Many have expressed doubts that the so-called 'goldilocks economies' in the US and the UK can be sustained for a long period. The recent strong growth, falling inflation and low unemployment levels in the West have been in stark contrast to the stop-go economic cycles to which both our generation and the previous generation have become accustomed. However, if you compare what is happening in the Western economies today with the situation at the end of the last century, there are some startling similarities. Between 1860 and 1900 the US and the UK enjoyed a huge boom as technological inno...
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