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Ed Randall

Opinion: Intelligent quantitative easing is best hope to stop the bleeding and begin reviving the patient

By Ed Randall | Fri 7th October 2011 - 1:50 pm

At our party Conference in Birmingham I described accelerated fiscal consolidation as pure poison: “Poison for the party, poison for the Coalition and, most important, poison for the country.”

I know that Liberal Democrats in ministerial office cannot be heard to say such things in public. But Liberal Democrats who do not have to labour under the restraints of office should be making it plain how oxymoronic ‘expansionary accelerated fiscal consolidation’ really is.

They will be in good and growing company.

The announcement of a further round of Quantitative Easing (QE) – much larger than the financial press had anticipated and a month …

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Posted in Op-eds | Also tagged , and | 15 Comments
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    @PM. Yes, allowing a LOT more houses to be built would reduce wealth inequality dramatically. We should aim to return to the c1997 price to income ratios - whic...
  • Peter Davies
    and building more houses of course....
  • Peter Davies
    The rising property market contributed more to the impoverishment of the poor than the enrichment of the rich. It is owner occupiers who hold the greatest propo...
  • PM
    @ Tim, You may be technically correct with your argument but it doesn't change the fact that we have become very much more unequal in recent decades. The ...
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