Thursday, 6 August 2009

Dear Prudence

So. The Bank of England and Mr Black Eyebrows are continuing with their experiment with the euphemistically titled "Quantitative Easing" by stuffing another £50 billion into the economy.

Is it just me, or does this plan sound ridiculously over-simplistic?


It's like saying "I'm a bit short this month. But don't worry, I've got a Colour Photocopier downstairs and will run off a few hundred quid to tide me over". It seems to me this is a dangerous experiment which is bound to have negative results - they have already increased the money supply by 10% and sure that will simply devalue the money supply by, er, 10%?


To use another metaphor, isn't it like someone saying "I'm looking a bit fat. I know - I'll pop out and buy some bigger clothes!".

13 comments:

Vicus Scurra said...

Think you can goad me into writing something political? No chance.

KAZ said...

Ever since I've had a scanner I've thought how easy it would be to forge things like car licences, bus passes and MOT certificates.
Darling Alistair must have read my mind.
But I don't intend to go shopping at Evans just yet.

Rog said...

Vicus: Maggie Thatcher would have hated it.

Kaz: You could be just disguising the fact that you only look so petite because you have size 18's on.

Dave said...

I don't bother with bigger clothes - just bigger belts. Then when I have to pull them in right to the last hole, I believe I must be losing weight.

When I undo the belt at night, it's a sensation I call cumulative easing.

Tim Footman said...

Talking of ill-fiiting clothes, the top button of my trousers popped off yesterday.

As did John Hughes, of course.

Sarah said...

Aern't you allowed to do that then?? ooops I've been printing off 20 quid notes for ages.....

YEEEW too much info Dave.

Rog said...

Dave: I bet you play golf with bigger holes as well.

Tim: More trouser button trauma. It's only polite for a restaurant critic.

Sarah: I hope you didn't mis-spell them. The bloke who delivered our kitchen was also a counter fitter.

Scarlet-Blue said...

The value of our money is gonna take a pounding.
Sx

Rog said...

Scarlett: Kerr-Chingggg!!!!!

Morton Shadow said...

I'm sensing that a Mick Hucknall style "money's too tight to mention and so, by the looks of it, are your trousers...."-type gag is due from Rog any minute....

I'm just going to take Benny hill's advice and put my fingers in my ears and go "Ting-a-ling-a-loo"...works for Gordon...

;?

xxx
Mort

p.s. Timster's putting in some mileage plugging his John Hughes obit, isn't he??

Geoff said...

All I know is the banks have got to stop lending and start lending again.

Richard said...

I heard the news earlier and immediately went outside and headbutted a brick wall.

"Banks to lend more money so we don't have another crisis caused by them lending too much money"

Rog said...

Morton: I hope that's the only advice from Benny Hill you are taking. Mick Hucknall could do with a good belt.

Geoff: Thank goodness a proper accountant is on hand to explain it.

Richard: You may have had to get Dave up to repair it.