I have come to think that a much more effective use of the funds created by the Bank of England in its 'quantitative easing' programme would be to distribute them to the ordinary tax-paying people of this country. The money would have been spent or invested, all £325 billion of it.
Instead of this the banks have taken them up, swapping 'assets' for cash, which they have since held on to or whatever else they do with it. So ineffective has been this deluge of cash that we have not even seen any inflation, let alone any investment or lending to companies...
What could you do with your share of Q.E. ?
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