Opinionomics: must-read analysis and comment

Pick of the economics comment | 19 March

1. The Future Is Another Country (New York Times)

Paul Krugman writes that "the effect of current policy on the actions of future governments is zero"...

2. Temporary vs. permanent increases in government spending (Marginal Revolution)

...and Tyler Cowen provides assesses whether the evidence backs him up.

3. India: Suspended animation (Financial Times)

James Fontanella-Khan looks at the failure of India to keep up with infrastructure investment.

4. Pew: Twitter, Facebook Aren’t Moving As Much News As You Think (paidContent)

Staci Kramer looks social media and the future of journalism.

5. Budget 2012: How 100-year bonds could hit your pension (Telegraph)

Ian Cowie explains how pension providers could be forced to buy 100-year bonds.

The Bangalore metro on its inaugural journey in October 2011. Credit: Getty

Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter.

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Police shoot man in parliament

A man carrying what appeared to be a knife was shot by armed police after entering the parliamentary estate. 

From the window of the parliamentary Press Gallery, I have just seen police shoot a man who charged at officers while carrying what appeared to be a knife. A large crowd was seen fleeing from the man before he entered the parliamentary estate.

After several officers evaded him he was swiftly shot by armed police.

Ministers have been evacuated and journalists ordered to remain at their desks. 

More follows. Read Julia Rampen's news story here.

Armed police at the cordon outside Parliament on Wednesday afternoon. Photo: Getty

George Eaton is political editor of the New Statesman.