Sunday, December 7, 2008
More heroin won’t help the addict
Financial medicine of lower interest rates will only make us all sicker
Liam Halligan exposes the flawed thinking behind the BoEs interest rate cuts.More of the medicine that made us sick won't make us better. Personally I think the current policy is a recipe for deflation - we are taking zombie medicine and the Government is engaged in voodoo economics.
Posted by mikelivingstone @ 08:32 AM (477 views)
2 thoughts on “More heroin won’t help the addict”
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David says:
It wont do any good but there is a petition on no10 website for fairer tax treatment on savings interest
http:/petition.number10.gov.uk/savings-tax
I think FAIR savings interest should be (untaxed) RPI plus 3%
WE ALL ENJOY VIEWING HPC & HAVING A WINGE BUT REGISTERING YOUR VIEWS TO BROWN IS ACTUALLY A SMALL STEP IN DOING SOMETHING!
growler says:
He has it 100%. We’re talking FRAUD and people creating falsely safe assets and lending to anyone need to be held to account. They won’t be, and Liam is absolutely right: the banks aren’t lending because they need to fix their terrible balance sheets. The Government is now seeing those balance sheets. So one way to avoid a big “fess up” is exactly as he says – mask it if at all possible.