Tuesday, Jul 28, 2009
More QE
Telegraph: The UK economy is still too sick to throw away its QE prescription
It is still relatively early days, but the plain truth is that so far, quantitative easing has not worked: it has not lessened the credit crunch, as we can see from the row over bank lending rates; it has not stimulated the economy – that was done by the cuts in interest rates over the past year and the cut in VAT.
Posted by devo @ 11:23 AM (274 views) Add Comment
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