tag:blogger.com,1999:blog-2948538160252327076.post8208102698332130797..comments2023-11-02T15:48:50.381+00:00Comments on UK Bubble UK Economy: The true objectives of UK monetary policyAlice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2948538160252327076.post-34405794069510008002009-06-12T00:36:45.426+01:002009-06-12T00:36:45.426+01:00Through out my education on economics (late 90'...Through out my education on economics (late 90's) the lessons from the 1970's and 1980's were:<br /><br />1. Don't print money<br /><br />2. Stay on top of inflation<br /><br />3. Don't let your government borrow so much that the interest cripples growth<br /><br />4. Don't let the BoE manipulate demand<br /><br />If you fail any one of these then you're cooking up problems in the medium term. To break them all at the same time is tantamount to sabotage.<br /><br />I can't believe that Sentance and the rest of the MPC's arrogance is so profound that they can openly declare with pride how they're f*cking this up.Koshnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-18552928136390237742009-06-11T21:12:52.083+01:002009-06-11T21:12:52.083+01:00Nice find Alice.
Japan found in the early stages ...Nice find Alice.<br /><br />Japan found in the early stages of their deflation that the pesky transmission mechanism stopped their aspirations to reflate the housing and credit bubbles in their tracks. How might things in the UK be any different?<br /><br />After all, its not a well known fact that the Bank of Japan's strategy from around 2001 was called 'ryoteki kinyuu kanwa' (量的金融緩和), which literally translated means 'quantitative monetary easing'. Sound familiar?<br /><br />Central bankers never learn - even from each others mistakes.Paulnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-31998880628734229482009-06-11T18:48:24.496+01:002009-06-11T18:48:24.496+01:00Doesn't make any difference what they have don...Doesn't make any difference what they have done.<br /><br />Asset values are still falling and the debts still there, it hasn't gone away you know!<br /><br />With unemployment creeping up and wage freezes and pay cuts wheres all this inflation going to come from?<br /><br />All these attempts are politically driven anyway.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-24176161219501203472009-06-11T16:26:15.636+01:002009-06-11T16:26:15.636+01:00This sounds like a mostly political act.This sounds like a mostly political act.Man in a Shedhttps://www.blogger.com/profile/00990902055642035293noreply@blogger.com