Sunday, Jul 26, 2009
Print more money to destroy the pound and trigger inflation?
Bloomberg: Blanchflower Says BOE Risks Choking Off Recovery
Former Bank of England policy maker David Blanchflower said the central bank risks cutting the economic recovery short and should expand the program to buy bonds with newly created money. The honourable gentleman although no longer working for BOE still advices on creating worthless paper money.
Posted by mander @ 10:01 AM (427 views) Add Comment
3 Comments
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1. little professor said...
Ah, danny boy never fails
2. hpwatcher said...
This ''person'' is putting a couple of years of well being, above the actual mechanism of money, which has taken hundreads of years to establish.
The rantings of a socialist.
3. David Hurst said...
Blanchflower would have us sleepwalking into a second, even worse, credit cruch if his shocking advice was followed.
The man is smug beyond words and a complete idiot.