Quantitative easing: not actually evil

Back in 2009, when the Bank of England first started its quantitative easing programme, Vince Cable denounced it as “Mugabe economics”. George Osborne said it was “the last resort of desperate governments”, adding that “in the end printing money risks losing control of inflation and all the economic problems that high inflation bring”. Quantitative easing, it was implied, would devastate the country. All this free cash #printing money, everyone called it, as though you could still hear the presses rumbling on Threadneedle Street# would set off astonishing inflation; soon we’d be using £5 notes as cigarette papers.

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About OyiaBrown

Please send me, as a comment to this page, any old material you have for inclusion in The Daily Joke Alert - to help enable us all to have our fancy tickled regularly! Never mind the state it's in as I tidy everything up prior to publication. Don't let good material go to waste - and so much does. In the interests of the environment we should always try to re-cycle everything, especially jokes. You know that makes sense! You may find some historical stuff here, but this does not really matter as humor is fairly timeless.

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