Tag Archives: money supply

Opinion: Getting radical with the money supply

By Joe Bourke | Tue 3rd April 2012 - 1:34 pm

Last week the OECD forecast that Britain was about to experience a double-dip recession, for the first time since 1975. Vince Cable in his Centreforum paper Moving from the financial crisis to sustainable growth asks “How far should monetary policy now be expanded further in the UK to boost demand and head off a period of poor growth?

He goes on to say “There is no possibility for further meaningful interest rate cuts – real short term rates are now minus 4 percent. That means further recourse to quantitative easing.

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Posted in Op-eds | Also tagged bank of england, economy, inflation, interest rates, milton friedman, quantitative easing, vince cable and will hutton | 16 Comments

Opinion: 29 Days to save the UK

By Bill le Breton | Wed 1st February 2012 - 6:55 pm

We are lucky it is a leap year. It gives us an extra day to save the country.

Here are two graphs, both from the Financial Times. This one shows the UK’s Nominal Gross Domestic Product. It shows the development of the double dip recession we are facing.

The figures are up to October 2011. The next will be published in February, but expect the trend lines to continue ‘south’.

Then, here’s a chart of a measure of the supply of money in the economy. It is a broad …

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Posted in Op-eds | Also tagged centreforum and economy | 19 Comments

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