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FREE landlord softwareTake advantage of our discounted landlord insurance ratesQE is here forever, says Bank of England deputy governor https://t.co/SJ7qNRgRbd
— Telegraph Business (@telebusiness) September 28, 2016
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1 comment:
Unfortunately, the BoE's approach to QE is to pump more liquidity into the finance sector. This means that asset values rise, creating the illusion that it is working.
However, the money just circulates in the finance community, doing very little to stimulate the real economy.
Giving bankers more money to ease the situation simply allows them to continue with the same behaviour that caused the problem in the first place.
It's like giving money to a compulsive gambler to pay off his casino debts.
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