An interesting column in today’s Financial Times by Martin Wolf: “To tighten or not to tighten – that is the question. It is one to which policymakers have started changing their answers. Are they right to do so? That is the issue addressed in the Financial Times this week, echoing the fierce debates of the 1930s. If arguments for tightening are correct, failure to do so would bring fiscal and financial shocks in some of the world’s most important countries. If arguments for tightening are false, decisions to do so threaten recovery and might trigger further financial shocks.”

A small footnote to the recovery – this morning a friend of mine visited Amsterdam airport. She said: “I don’t see a crisis, I just see prosperity.”

The crisis is invisible.

In the old days people had to travel to Africa or Asia to see real poor people. Perhaps in the near future tourists can visit the slums in their own country.