Thursday, October 06, 2011

Getting So Much Better All The Time

In the UK, too, they believed that the light at the end of the tunnel was just around the corner. And they were wrong. Their central bank will also engage in probably-better-than-nothing-but-not-much quantitative easing which will, at best, goose asset prices and help rich people hire a few more of us to scrub their yachts.

Give people free money. It's so simple and it would work.