“Quantitative easing” to camouflage “printing credit”

This news item in the Telegraph about the Bank of England is worrying, if one is concerned about the cash : credit ratio in the money supply.

The title is Bank of England to buy bonds and loans in first step towards quantitative easing.

Please note what I wrote about quantitative easing in Wikipedia and on BlogCritics.

The announcement by the Bank of England is also published by EasyBourse which refers to the ‘monetary base’.

One response to ““Quantitative easing” to camouflage “printing credit”

  1. Pingback: Mervyn King has a guru according to The Times «

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