Douglas Carswell's Blog

Mugabe economics doesn't work - shock

Newsnight reporter, Paul Mason, seems to be inching his way towards the idea that perhaps, after all, government printing lots of new money doesn't really solve our debt problems. 

Quantative easing (QE) was supposed to bolster demand and allow banks to lend again.  Tragically for the QE zealots, however, an economy doesn't grow because people consume more.  People consume more because the economy grows.

Tragically for those of us with savings or assets denominated in Sterling, government creating lots of extra money will devalue the money we have - or assets denominated in Sterling (see gold prices for a clue).

Still, if BBC reporters are starting to show the sort of scepticism that was needed two years ago, it is progress of a kind ....  Who knows, they might even start to pay attention to the work of the Cobden Centre?

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