I am not a sheep, I have my own mind
I have had enough of being told what and how to think
Whilst we are still allowed the remnants of free speech, I will speak out.
I also reserve the right to discuss less controversial matters should I feel the urge.
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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?
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.
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.
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