Charlie Bean is taking the inflationary message to the people. We just don't understand why the Bank of England needs to print countless billions in order to debauch the currency.
Charlie is going to put us right. He is going to tour the four corners of this fair land and explain the Bank of England's inflationary strategy.
From today's Bank of England press release.
Charlie Bean Tour and Pamphlet to Explain 'Quantitative Easing'
10 July 2009
Charlie Bean – Deputy Governor for Monetary Policy and a member of the Monetary Policy Committee – is undertaking a seven-day tour of Britain, starting on 13 July, to continue the Bank’s programme of explaining the MPC’s policy of injecting money directly into the economy alongside its decisions on interest rates. The Deputy Governor will visit some 14 towns and cities across different parts of England, Scotland and Wales. He will meet business groups and organisations and undertake media interviews.
The tour is part of an ongoing effort by the Bank to explain the MPC’s policy. This has included media interviews, speeches, publications, public and parliamentary appearances and information on the Bank’s website. The tour supplements the regular programme of visits undertaken by MPC members to all parts of the United Kingdom, facilitated by the Bank’s Agencies.
2 comments:
so sad
Inflation?
Not a chance.
Your previous post estimates the UK gov. has lost 11Bn. Do you want to bet that is the end of it?
I fancy, most of the 100 or so billion the government has ploughed into N.R., HBOS, BOS Lloyds TSB, Bradford & Bingley, Dunfermline is gone. Pffft! There won't be a return on that for a generation.
This is just the beginning, my wild stab in the dark prophecy for 2010
Tax - up
Employment - down.
Tax take - down
Govt. borrowing - trying to rise BUT...
Retail sales - down - I can see that on the high street now. It'll be worse next year.
Just looked at a Building society to try to re-mortgage, "no mortgage products available.
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