Friday, 9 November 2012

End of quantitative easing will stop mad monetary recycling

"IT is time for George Osborne to start worrying. The Chancellor will be the biggest loser from the Bank of England’s right and proper decision to halt quantitative easing, at least for the time being. The biggest problem with QE – apart from its increasing lack of impact and the pain inflicted upon savers and pensioners – is that it has blurred to a dangerous extent monetary and fiscal policy."

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