Thursday 19 February 2009

Turn on the printing press

The latest minutes of the Bank of England's Monetary Policy Committee (MPC) recorded a unanimous vote in favour of the Bank requesting premission from the Chancellor of the Exchequer to turn on the priniting presses and print more money. In an unprecented move the Governor of the Bank of England is expected to write to Alistair Darling within the next few days.

There has been much about 'quantitative easing' on this blog and in lessons (thanks to Rex Harrison). Here are just t a couple of links which economics students may find useful.

At the end of 2007 while writing a chapter on macroeconomic performance for the new OCR A2 economics textbook, I remember opening to a Study Tip with the words "you live in interesting times" - little did I know HOW interesting times would become!
Useful weblinks

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