LA has been asking this question a lot. It was ineffective in Japan but didn't ruin the economy, all other cited examples have been unmitigated disasters from Germany to Zimbabwe.
George Osbourne describes it as "a leap in the dark". LA fears it is a leap in the dark by a blind man, he does not even realise its dark.
The worry is all these government measures have not hit, Government Ministers are unaware of the underlying risk of inflation( Ford announcing price increase due to £, timber prices up, food prices up). Put these facts in the mix and it starts to increase the risk.
11 years of the great socialist experiment and it has come to this.Surely the nation will now realise for a generation that artificial wealth redistribution leads to wealth devastation, with the poorest in society and working families and saving pensioners hit worst. Big government equals high taxes high public spending equals higher waste not better sharper services.
LA hopes, but with the left wing media, memories can be reprogrammed with remarkable speed.
LA
The Swinney slump continues
4 hours ago
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