Saturday, 5 September 2015


It's difficult to see why a government which has bunged 375 billion of Quantitative Easing into the banks and while the Euro Bank and Japan are both doing it on a bigger scale, Yvette Cooper denounces it as the end of the world. 

Why can't it be used to pay for big contracts in infrastructure or housing which create an asset at a time of very low inflation verging on deflation?  Is it better to chuck money away in the hugely inflated costs of the private finance initiative which is now crippling so many hospitals but benefitting the providers so lavishly? Is Labour about subsidising failed financiers who leach on the state or providing jobs for the people ?

Pray tell 

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