Tuesday, April 7, 2009

Pure cash creation

ECB attacks G20 plan to pump cash into global economy

"This is helicopter money for the globe," said Jürgen Stark, the ECB's chief economist and Germany's member on the bank's executive board. "There hasn't been a study to see whether the world needs additional liquidity. In the old days one would take a long time to to explore such a thing."

Posted by devo @ 10:12 PM (1068 views)
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4 thoughts on “Pure cash creation

  • Don’t worry about it Jürgen, Gordo’s got it all sussed.

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  • Stop the easy money! That is exactly what brought us all in this situation why continue?

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  • Where do you get them G20 lapel badges from?

    Can you get big ones for the front of your car?

    I want one for my Segway…

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