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Monday, 9 November 2009

Quantitive Easing

"The more money they create, the more the Bank of England's policy makers must wish they had better things to spend it on than government debt"

I was thinking about this the other day, as you do.
I was wondering what would happen if the bank put the same amount of money into the bank accounts of British citizens rather than into the high-up financial markets. The financiers wouldn't make so much money, but the money would make it to the front line where it's needed. Not all of it would be spent, but the money that wasn't could be stuck in the bank and it would still help those most in need.
Having experienced unemployment (i'm still on the dole) i would much prefer the money was put into the pockets of those people whose jobs are ended or hanging by a thread rather than being handled by the rich and powerful.
It may be radical, but it may be a good idea.

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