Mervyn King on Quantitative Easing: Why This Time Will Be Different
The Governor of the Bank of England says the challenge facing the world economy is greater now than during the credit crunch.

A most unconvincing argument. This man is continuing his policy of devaluing the pound; and we, the ordinary people, have to put up with it. The man needs to get a grip. Turning on the printing press, which QE essentially is, is nothing short of a recipe for disaster in the long-run. One only has to look back a bit in time to the Weimar Republic. As a result of turning on the printing press, the German’s were left with hyperinflation. If Mervyn King thinks that this can’t happen again, he is greatly mistaken. – © Mark