Monday, Mar 09, 2009
A major change in monetary arrangements
Independent: Stephen King: The policy to print money is right but we must be told how it works
"Dear Chancellor ... having a wonderful time although weather cloudy ... have come across this thing called a printing press ... looks great, but must be used carefully ... love Merv xx."
Posted by devo @ 10:51 PM (548 views) Add Comment
3 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. devo said...
"While I think the Bank is doing the right thing by moving towards quantitative easing, it needs to offer more details of how the policy is meant to work."
Stephen King is managing director of economics at HSBC
2. devo said...
Quantitative easing - the great leveller.
3. mountain goat said...
Told how it works? History tells how it works. When you debase the currency no one trusts it anymore and people resort to barter. Then the army are sent round to execute anyone who refuses to accept the debased currency.
Fortunately I believe in a few years time Keynesianism will be discredited and assigned to the scrap heap of history where it belongs along with Marxist economic theory and others. The markets have destroyed its credibility. Universities text books will need to be rewritten.