When the drugs stop working, try a different one or increase the dose. Most central bankers are well aware that their black bag of monetary medicine is running short of remedies to overcome the continuing aftershocks of the 2008 crash. Brexit is the latest seismic convulsion. And the Bank of England duly handed out the financial equivalent of blue, yellow and pink pills to soothe the fevered brows of consumers and businesses alike. It’s true, as Brexiters contend, that the dire warnings of the International Monetary Fund and George Osborne’s Treasury that Britain’s economy would fall off a cliff in the event of a ... (full story)