http://www.bloomberg.com/news/2011-...-buying-program-to-stimulate-u-k-economy.html
Pound crashing against dollar.
Pound crashing against dollar.
Bank of England to resume QE (money printing)
- Thread starter Visaria
- Start date
As expected...It seems, there is not only an European debt crisis, but a UK growth crisis and government debt crisis, too.
It would be better for all G10 countries to cordinate their growth efforts!
It would be better for all G10 countries to cordinate their growth efforts!
Didn't they already try that?
Prior to the 2008 crisis, central banks were pumping money at 15-25%/yr for several years.
Money Pump => Bubble => Crash... then, more money pump?
M
morganist
There are other ways you could achieve this without debasing the currency.
It explains in the my book page 49 onwards.
http://morganisteconomics.blogspot.com/p/publications.html
They would use the techniques in the liquidity efficiency or fluidity section.
They could try capital investment from abroad. Lower taxes for foreign businesses.
They could try to increase the tax base.
They have many choices.
It explains in the my book page 49 onwards.
http://morganisteconomics.blogspot.com/p/publications.html
They would use the techniques in the liquidity efficiency or fluidity section.
They could try capital investment from abroad. Lower taxes for foreign businesses.
They could try to increase the tax base.
They have many choices.
M
morganist
Here is another alternative to QE.
http://www.leftfootforward.org/2011/09/earnings-based-rent-control/
http://www.leftfootforward.org/2011/09/earnings-based-rent-control/