Vince Cable, Market Monetarist
No need for a question mark on that post title, no need at all.
In the 1930s, the abrupt departure from Gold – so much condemned by the City – had the strongest possible effect on expectations of rising money GDP.
Quantitative Easing can sound like a powerful instrument – but if it does not succeed in making people expect rising money spending in the economy, it is likely to be far less effective than leaving gold proved in the 1930s.
Bravo Mr Cable, bravo! Read Lars for more.