Home > Monetary Policy > Vince Cable, Market Monetarist

Vince Cable, Market Monetarist

No need for a question mark on that post title, no need at all.

Lars got the scoop, a simply brilliant speech from Vince Cable.

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.

Categories: Monetary Policy
  1. June 18, 2012 at 10:55

    Yeah it is brilliant. I think there is hope for Britain.

    • June 18, 2012 at 10:59

      Holy **** Lars. That is such a good speech, I’m blown away. It’s all about expectations and NGDP. He is there. He’s got it.

  1. June 20, 2012 at 08:32
  2. August 28, 2012 at 22:16

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