Via The Cobden Centre:
The absurd tragedy of our situation, explained brilliantly here (albeit in a US context), is astonishing. For a more formal corrective, see this primer.
Tags: Central Banking, economics, humour, Incompetence, QE
Liberty – for peace and prosperity
Steve Baker is the Conservative MP for Wycombe.
Steve was first elected to Parliament in 2010. He was previously an RAF engineer officer then a consulting software engineer. Find out more...
Steve holds regular surgeries in High Wycombe. If you would like an appointment, please contact me.
See also
Stupid republican propaganda having a go at Obama, it wan’t Ben Bernake’s fault the recession happened, and he is simply trying to do his best
There are no prizes for trying hard when you have the power to create money at a stroke in the world’s largest economy.
Brilliant!
I hope George Osborne and Mervyn King have seen it.