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The beginning of the end?

According to the Daily Telegraph, there are rumours that Alistair Darling is "considering emergency plans to print more money".

If true, this suggests that the UK Government's strategy for dealing with the current crisis have largely failed and that the only approach left is to adopt third world economic development policies.

The Weimar Republic anyone?

Comments

Anonymous said…
Sometimes Dylan, you can be quite ridiculous.
January 08, 2009 12:38 pm
Chris said…
..and, sometimes, someone sounding quite ridiculous can actually be right! "Quantitative Easing" sounds a bit like greasing a road to make the traffic move more easily. It will - but at a loss of control.
January 08, 2009 10:22 pm
Anonymous said…
printing more money is a farce - I promise to pay the bearer on demand etc, what is Darling going to put on the notes,I promise to give uou an IOU
That is not an economic tool its a point of no return.
January 09, 2009 2:46 pm
Anonymous said…
You never manage to hide your Tory sympathies very well do you Valleys Mam?

No wonder some people think you are also 'Pippa Wagstaff'.

The good thing about all this is, you Tories are confined to the same ever shrinking number of readerless blogs.

Like Cameron, you have nothing to say about the current economic difficulties and more importantly -no is listening to you either!

Keep up the good work - both you and Dylan!
January 09, 2009 4:08 pm
Anonymous said…
"readerless blogs"?

eh, aren't you reading it, you Labour troll....
January 09, 2009 9:39 pm
Chris said…
You don't have to be a Tory to spot "funny money". That said, the Tories are not immune from a bit of fiscal incontinence themselves - John Major (lovely man - shame about the party!) managed to double the national debt in his 7 years as PM, and - in his case - with the country not having much to show for it. (Dylan - do you agree?)(No - I thought not!)
January 09, 2009 10:10 pm
Anonymous said…
I see that Patrick Minford has criticised the Tories in today's Western Mule. That means you must be doing something right.
January 10, 2009 7:52 am
Professor Dylan Jones-Evans said…
Chris - JM was way before my time I'm afraid!!

As for the usual 'banter' from a Labour surfer, it would seem that s/he still doesn't get the fact that the main reason for this blog is to test out a few ideas before I write my columns for the Western Mail and Daily Post, both of which probably have a slightly larger readership every week.

Of course, whether you read this blog (as you clearly do) is up to you.

As for Valleys Mam being a Tory or Pippa Wagstaff, obviously the commentator had a few too many sherbets at the Eli J. that afternoon :)
January 10, 2009 10:54 am
Chris said…
JM before your time, Dylan?
This makes you about 30 years old max!
...or are you trying to write him out of the history books?

More seriously, I want to re-check my assertion about the National Debt doubling in that period but am having difficulty accessing historical National Debt figures on the net. I can find monthly surpluses and deficits, and deficits as % of GDP but struggle to find the actual debt figures. Can you point to a website that gives this?
January 10, 2009 1:32 pm
Professor Dylan Jones-Evans said…
Before my time in politics...

No time to look in detail but you could try the UK stats website - that should have the detail

http://www.statistics.gov.uk/cci/nscl.asp?ID=7242
January 10, 2009 6:49 pm
Anonymous said…
I am me,anon, I am not Tory or Labour or Plaid or Lib Dem.
I belong to no party.I sign up to my beliefs and ideals , no party could hold me, unlike you Troll.
January 10, 2009 9:19 pm
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