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Will printing more money convert a trying economy?
Oct 7th, 2011 07:06 by News

07-Oct (Belfast Telegraph) — It’s make or break time for the Bank of England. By throwing another £75bn at the economy they really are scraping the bottom of the fiscal stimulus barrel – and they’ll have their fingers crossed that this time it’ll work.

…”We’re creating money because there’s not enough money in the economy,” Bank of England governor Mervyn King told Sky News.

…This is all very good and markets are cock-a-hoop, but is repeating something which obviously hasn’t worked in the past a sensible move?

[source]

Author key: MK - Michael J. Kosares; GC - George Cooper; PG - Peter A. Grant; JK - Jonathan Kosares; RS - Randal Strauss. [see also 12 yrs of Discussion Archives]

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