Quantitative easing
Posted by davidburbage on January 8, 2009
http://www.johnredwoodsdiary.com/2009/01/08/the-mpc-and-the-bbc/
John Redwood calls it right again. Given all the increases in public spending not actually supported by increases in productivity or GDP, I have been shouting at the TV/Radio that they have to stop “printing money”. Now it turns out that the BBC think it is a ‘new’ policy as if increases in Government spending, and all that credit, had not turned into money somewhere?
