British money for British people?
Thinking further about the QE theory, I'm wondering what happens if the M goes out of the British economy? Then British P and T still fall. I think George Osborne should ask the question: is there any ringfencing?
posted by Whispering Walls at 1:48 pm
4 Comments:
Perhaps it's time for a G+T?
How ringfence? Are we back to the days of a previous Labour government when you could only take £50 per person out of the country? For shame.Apart from anything else, the toxic debt we are all talking about is largely overseas, not UK based, so the cash has already gone.
Hi Our Man - what a good idea!
That is it KL: GO could make that point and ask darling Darling, how the policy could work if the cash were to go out of the British economy. Anyway, global printing of money must be a zero sum game, mustn't it?
WW - it wouldn't be a zero sum game if I could get my hands on it! Bit of a party definitely! However, I suspect the bankers and politicos have already had that....
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