14 years of failure

Which economic experiment failed as evidenced by

  • Inflated asset values
  • Creating a debt-fuelled economy
  • Shutting a generation out of the property market
  • Failing to produce growth
  • Widening inequality

The answer is so-called quantitative easing

i.e. printing money to ease a credit crisis

A starter maybe but 14 years: no sir!

In the same vein you might be interested to read my commentary on the 2008 Credit Crunch

John G. Smith’s Credit Crunch Diary 2008 – 2010

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