Author Topic: Time to stop helping banks via QE and bail-out the public  (Read 1986 times)

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The Prophet

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Time to stop helping banks via QE and bail-out the public
« on: August 15, 2012, 10:51:02 am »
The Bank of England has, on behalf of the government, created £375million using Quantitative Easing (QE) with the money used to buy back government bonds, effectively giving the money to bond traders and bankers.

If the £375million had been given to the public, it would be equivalent to £24,000 per household and would have been put to much better use, either via creating demand through consumer spending or reducing personal debt.