Why breaking the QE addiction is such a struggle
“Few in Britain may want to hear it, but the financial crisis that rocked the country has a silver lining for the rest of the world. The dramatic intervention by the Bank of England reminds us that quantitative easing, the large-scale bond buying commonly associated with low inflation rather than today’s price surge, isn’t going away.”
USAGOLD note: It’s always the large gap between what one would like to do and what one has to do that weighs heavily in human affairs. What one has to do usually wins out.