Tag Archives: money supply

Opinion: Getting radical with the money supply

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.

Posted in Op-eds | Also tagged , , , , , , and | 16 Comments

Opinion: 29 Days to save the UK

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 …

Posted in Op-eds | Also tagged and | 19 Comments
Advert

Recent Comments

  • Chloe
    It's not a conductor - it's a fully qualified driver on every DLR train. Driverless it most definitely isn't....
  • Roland
    @Chloe - "Let’s get away from the myth of DLR driverless trains.." Too many years ago I designed computer systems for mass transport systems, the DLR being o...
  • Nonconformistradical
    Quoting from Alex Macfie 3rd Oct '26 - 9:50am "Driverless cars are the ultimate example of this. What if the system breaks down and the passenger is stranded...
  • Joey Vimsante
    I support devolution over changes to the voting system. I support the National devolution for Scotland and Wales. And also devolved regions for England. I t...
  • Jenny Barnes
    The best new cars have a button to turn all that driver "assistance" off. After you have fought the steering because of "lane keeping ", suffered near emergenc...