Telegraph
"Printing money "is all about saving jobs" say my opponents. So if you're against QE, you're happy – even gleeful – to see decent people suffer the trauma of unemployment.
That's how we've got into the current situation – where history shows QE is nuts and almost the entire country thinks QE is nuts, but no mainstream politician has the guts to oppose it. The stage has, instead, been left clear for Gordon Brown to vandalise the UK economy, decimating our financial reputation in a vain bid to cover-up his previous mistakes. ....Little wonder, then, our political classes take the easy option and give us QE. No matter that investment will be stymied as the threat of double-digit inflation looms. No matter that savers will suffer.For QE, and the price surge it will cause, will allow the UK, like some kind of post-Imperial banana republic, to inflate away its debts."
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Bank of England to 'print' first £2billion this week (Daily Mail)
"Quantitative easing is a huge gamble, intended to kick-start financial markets that have been spooked by the credit crunch....But a leading authority on debt markets warned of long-term consequences. 'We are deluding ourselves in thinking it is not going to be inflationary,' said Peter Warburton, director of Economic Perspectives."
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