Guest sibon Posted February 9, 2012 Share Posted February 9, 2012 The current chancellor wasn't a fan ""quantitative easing is the last resort of desperate governments when all other policies have failed"." Seems a pretty honest self assessment to me. Link to comment Share on other sites More sharing options...
green Posted February 9, 2012 Share Posted February 9, 2012 Seems a pretty honest self assessment to me. Hasnt stopped him from continuing it though. Link to comment Share on other sites More sharing options...
NorthernStar Posted February 9, 2012 Share Posted February 9, 2012 Another back door drop in living standards for those of us who are in it together, and just to add insult to injury I see they are keeping those bubbles that got us here inflated with those artificial low interest bass rates kept at silly level. Pish take Britain at it best:roll: Link to comment Share on other sites More sharing options...
WeX Posted February 9, 2012 Share Posted February 9, 2012 The current chancellor wasn't a fan ""quantitative easing is the last resort of desperate governments when all other policies have failed"." Yep that is true, I will be keen to hear his explanation but he didn't say it wouldn't work as claimed by Macky. http://blogs.telegraph.co.uk/news/danielhannan/100108749/printing-money-is-the-last-resort-of-desperate-governments-when-all-other-policies-have-failed/ Link to comment Share on other sites More sharing options...
Rupert_Baehr Posted February 9, 2012 Share Posted February 9, 2012 The Bank of England makes some electronic money (at least that saves expenditure on Ink and paper.) Other countries find out and they are no longer prepare to pay yesterday's price for Sterling, so the Exchange rate falls. Anything you import costs more. Don't worry. The Pound in your pocket is still a Pound. Link to comment Share on other sites More sharing options...
Hairyloon Posted February 9, 2012 Share Posted February 9, 2012 So far it's been just over 4k each... yep,it would have been a better idea to divvy it up and let us spend it.. You sound like you think you are joking, but what better way to boost the economy than to give everyone some money to spend? Link to comment Share on other sites More sharing options...
Swampster Posted February 9, 2012 Share Posted February 9, 2012 You sound like you think you are joking, but what better way to boost the economy than to give everyone some money to spend? Problem is that boost is ultimately a very short lived splurge. Link to comment Share on other sites More sharing options...
Hairyloon Posted February 9, 2012 Share Posted February 9, 2012 Problem is that boost is ultimately a very short lived splurge. No, because all the money that has been spent is in somebody else's pocket fo them to spend. Money is only any good for the economy if it is moving. Link to comment Share on other sites More sharing options...
Muldoon Posted February 9, 2012 Share Posted February 9, 2012 “Like most things in life, QE is probably subject to the law of diminishing returns and additional asset purchases may not be as effective as earlier ones. Nevertheless, a further extension of the programme is likely. With more austerity measures, by way of spending cuts, on the way and interest rates already at a low, there are few other options available to support demand.” and make the cat's even fatter <------- but not "Tiddles" she is fat enough already xx muldoon Link to comment Share on other sites More sharing options...
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