Doom-mongers believe politicians will choose the easy way out and put pressure on central banks to crank up the printing presses. They often point to the weakness of the international monetary system, because it is based on fiat (soft) money, which is not backed by the value from tangible materials like gold. The pessimists think a monetary system based on fiat money will rarely, if ever, exist for long because hyperinflation is inevitable.
What we know for sure, what we know for certain, is that destiny is in our hands as never before. We know that if knowledge is power then economic knowledge must be economic power and we are certain that those who raise their knowledge will be at a distinct advantage. Those that don't grab it will only have themselves to blame.
Asking adults aged 24 and above to pay to work, through a student loan, risks putting many people off undertaking apprenticeships and contributing towards the development of our skilled workforce. Asking people earning this level of pay to further take out a loan in order to work is simply unacceptable.
The UK government's decision to resume fracking has been welcomed by the oil industry, and widely lambasted by environmental campaigners. But to a large extent the debate about the potential of shale gas in this country has completely missed the point.
I think it's really important to remember the reason for the season - whether you share the Christian faith or not. At the heart of Christianity are three words: love, peace and forgiveness. My thinking is that over indulging in any of these things is unlikely to result in stress, debt - or indigestion.
If Argentina decides to carry out its promise not to repay vulture funds, it will come under huge international pressure and economic destabilisation. If we believe that the state's first duty to its citizens' welfare rather than international markets, we must support Argentina in spite of the propaganda.
Benjamin Strong was the first governor of the Federal Reserve from 1914 to 1928. He was also the first economist to use the interest rate to control the aggregate price of goods (the level of inflation), using credit based mechanisms called open market operations as the main tool to achieve his objective.
I've never seen a club chairman cry over football, I've never seen a manager do it either. Sure, the odd player has shed tears but I've seen millions of fans with tears streaming down their faces because of their love for their football club and that's why we need governance to protect football from itself.
It has been widely reported that the government is considering abandoning the second half of its fiscal mandate - that debt should be falling as a percentage of GDP in 2015-16. My view is that the short term economic impacts of this are limited. It's not really news; NIESR has been saying for well over a year that this target was unlikely to be met.