Tuesday, 25 October 2011

Let the peasants eat cake.

The Bank of England recently announced an additional £75bn of QE. When Simon Jenkins asked some bankers whether it might be an idea to direct the £75bn straight into the high street, they looked at him as if he was mad.

Well you can see their point, can’t you? I mean the purpose of the economy is to keep the elite supplied with fine wines, large houses, and so on. The purpose is most definitely not to enable ordinary consumers and peasants to buy what they want, please note.


1 comment:

  1. Can't allow disintermediation Ralph.

    That would show the banks as largely pointless middlemen.


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