Douglas Carswell's Blog

Printing money won't make us rich

Low interest rates and easy money could be hampering recovery, suggests the Bank of International Settlements (BIS).

A report out by BIS directly challenges the government's print-money-and-pray approach. Monetary stimulus not only doesn’t work, it is making things worse.

Low rates mean less incentive to do anything about large debts. So rather than confront debts, they are left to fester. All that reliance on monetary stimulus means that policy-makers keep ducking out of having to make the necessary structural reforms to restore competitiveness.

The Coalition’s Continuity Brown macro economic strategy is not working. It is time for a coherent free market one instead.

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