Thursday 1 December 2011

Central banks hand out more cash - it ain't going to work this time either

Douglas Carswell
"What makes anyone believe that making lots of cheap cash available to banks is going to work this time? Isn't that pretty much what central banks have been doing ever since the credit crunch first struck. It's hardly fixed the problem, has it? Indeed, it has been central banks making lots of cheap cash and credit available for the past twenty something years that landed us in this mess to start with."

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