mardi 13 janvier 2009

That's what I want

The current horror in Gaza overshadows much, as it should. One interesting snippet from outside the 'horror bubble' is interesting enough, though. The British state has sanctioned the printing of, " extra money without having legally to declare it under new plans which will heighten fears that the Government will secretly pump extra cash into the economy. "

Thus ""there is nothing to stop an unreported and unmonitored flooding of the money market by the undisciplined use of the printing presses."

Reassuringly though, "The reforms, which are likely to be implemented later this year, will make the Bank of England by far the most secretive major central in the world, experts said."

But we can trust our political elites, can't we.