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by Ann Pettifor, 8 March, 2009. There is much confusion about the meaning and impact of QE. This is an attempt to summarise what it means, what it does not mean, and how it can be effective in preventing insolvencies by lowering interest rates. I am indebted to Graham Turner of GFC
Readers of this blog are astute and fully briefed on this, the first, fully synchronised global financial crisis in history. You are all aware that yesterday, in an unprecedented move, the Bank of England created £75 billion – out of thin air - to revive the deflating body that by Ann Pettifor, 1st March, 2009 This week we were asked by the Guardian to address the Queen’s question: “Why did no one see it coming?” I tried to answer the question by sharing some of the seriously flawed analysis and advice provided by orthodox economists - those that dominate both the economics profession, Ann Pettifor. 1st March, 2009 Its been a hectic week. There was the Guardian’s debate on the Queen’s Question with Lord Skidelsky (author of the three-volume biography of John Maynard Keynes) Vince Cable MP, Will Hutton and Larry Elliott, the Guardian’s economics editor. I wrote up a note on one aspect of my comments |
In the September 2003 edition of openDemocracy I wrote: 
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