Something about "Quantitative Easing" ...

Now, look here, Mervyn, what load of nonsense is this?
Here is my government's banker proposing to print money!
Surely, money has to be earned, not just printed!
















I could print money.
"I promise to pay the bearer b***** all," it would say.

I am no academic economist, but I derive from some earlier-received wisdom that such a strategy is a recipe for inflation. That would mean higher prices, increasingly widespread poverty and a devaluation of the odd pound in my pocket. I can put that pound in my bank (risky) or I can secrete it beneath my mattress. Wherever, it remains at risk of devaluation.

I have every sympathy with those who are threatened with redundancy, unemployment and repossession of their properties. I acknowledge my own good fortune in not being so threatened (yet.) Unfortunately, now we are witnessing the fruits of an overconfident, credit-orientated economic system which has come to disadvantage us all.

In youth my parents encouraged me to save. I did.
In adult life my bankers invited me to borrow. I did.
Now, in later years, my government implores me to spend.
I suppose I must!

What's your terminal bonus going to be, Mr. King?

....

On top of all that, I learn that the Royal Mint (with my government's approval) is to abandon the image of Britannia on our coins of the realm.

"Shame on you," I say, "How very dare you?!"

I wonder: what does the Queen have to say about this?



Rule Britannia! (But mind where you're putting that trident!)