"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Mervyn King: This May be Worse Than the Great Depression
Submitted by Melinda L. Secor on Sun, 2011-10-09 01:00
"The Bank of England caught financial markets by surprise yesterday by announcing that it will inject £75bn into the ailing British economy over the next four months.The sharply slowing economy and intensifying threats to the health of Britain's banks posed by the eurozone crisis will lead the Bank to extend its £200bn quantitative easing (QE) programme – effectively printing money."
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