“If the Treasury were to fill old bottles with banknotes, bury them at suitable depths in disused coalmines which are then filled up to the surface with town rubbish, and leave it to private enterprise on well-tried principles of laissez-faire to dig the notes up again … there need be no more unemployment and, with…

As I write today, the BBC has a gloomy headline: “Brexit causes dramatic drop in UK economy”.  There has been a “dramatic deterioration”, a “record slump”, we are heading for “recession” and there is more “pain” to come.  What do these words mean?  It seems they mean we have been buying less stuff than normal,…