Monday, March 2, 2009
Roger Bootle article
For something with such an obscure name, this policy has already caused an extraordinary amount of controversy. I can imagine that they will soon be arguing about quantitative easing down the Dog and Duck. So what are we to believe? Is it a case of Zimbabwe here we come? The key to recovery is sustaining bank lending at a higher level – and that will take more than just drowning the system in cash.