The government bubble

posted by
February 14, 2012
Adam Smith Institute
by Sam Bowman  
Posted in Commentary

"Quantitative easing was once described by the now-Chancellor George Osborne as 'the last resort of desperate governments.' He was right. QE is becoming an increasingly normalized tool of government policy throughout the world. It may be endless; carried again and again to keep the government bubble inflated until Hutchinson's nightmare scenario is realized." (02/14/12)  

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