Friday, July 22, 2016

Low Blow Jo

Martin Wolf, Chief Economic Commentator of the Financial Times, had a provocative little programme on the Beeb  (R4 09:00 21/07/2016) about negative interest rates. Very interesting! Monetery Policy may not be your thing but it does throw up some ideas "helicopter money" and a the abolition of cash being some.(Did I hear a German Banker scream...Ed?)  One of them, unless I am wrong and frequently I am, is the printing of money.
Gutenberg Money! Can you see it? The man with the beard and the printing press, stood on the bridge, shouting at a minion who is sweating to screw down the press.
"But Master Gutenberg won't this undermine the whole economy?"
"Shut up and keep printing"