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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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Recent Comments

  • Tim
    So glad you are a councillor again. Still miss you here....
  • Chris Webb
    Excellent piece. I really like the "I'm a Liberal because..." idea, and will prod my local association along just those lines....
  • Mick Taylor
    Hi Chris. A brave man to take on a seat on Lambeth. I suspect that the great increase in casework is at least partly caused by the huge cutbacks in Local Govern...
  • David Raw
    @ William Wallace William, what's happened to the party's old policy of partnership and co-ownership ? If I remember correctly, our mutual friend Donald Wad...
  • William Wallace
    Roz: This is exactly what we need to get us all thinking. I would add that we need to rethink our approach to political economy. Liberal democracy is easiest t...