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Thursday, 5 November 2009

Free money

Stephanie Flanders on Today programme stated that the government had created money via QE. What no costs to this, no problems at all?
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1 comment:

Alex said...

There is no cost associated with the quantitative easing per se. All it is doing is creating extra currency for claims against the government. The problem is that the government is creating additional claims against itself at the rate of £500 million a day.

5 November 2009 at 12:51

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