Following the past weeks volatile market developments Newsnight and other Channels report on todays boost following the Feds Cut of interest rates by a further 0.75% to levels slightly below current $ inflation rates. (Part 1 of 2)
Historical background on the lessons from the Great Depression of the 1920-30's in a Report by Hugh Pym (BBC Economics Correspondent). Also highlighting the fine balance between avoiding recession andfeeding inflation, in interviews with Jon Danielsson (Londn School of Economics) & Linda Yueh (London Business School).
Followed by an interview by Jeremy Paxman with Prof. Barry Eichengreen (Author "The Gold Standard and the Great Depression"), on topics, among others, on the dangers ahead, potential solutions and current achievements. (Contd. in Part 2)
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