Econobabble

Once you cut through all the econobabble, it says we're headed for a recession.

Politicians now use econobabble as a tool of mass confusion, aimed at scaring the public into doing things they don't want to do while narrowing our policy choices.

Today's orthodoxy (free market economy) is being spearheaded by the Bank and the Fund through the Structural Adjustment Programme that has a rather suggestive acronym of SAP. The phrase, now part of the current econobabble […]