Quite amazing economics

But that’s not the big concern. What really matters is the real economy. And there I see Brexit fears, market fears, property valuation fears and more having real impact and really hitting the economy hard.

Once upon a time I created People’s Quatntiative Easing for a situation like this. It really will be time to roll it out soon. I think we are going to need it.

Ritchie’s been complaining bitterly that QE only raised asset prices and thus PQE should have been used instead.

Now asset prices are falling over the end of QE this proves that PQE must be used.

What’s that thing about only a hammer and nails?

12 comments on “Quite amazing economics

  1. People’s Quatntiative Easing

    I don’t think that’s about economics, it’s possibly about a fat man wanting wider seats on an Australian airline. Or something.

  2. Ritchie’s been complaining bitterly that QE only raised asset prices and thus PQE should have been used instead.

    Now asset prices are falling over the end of QE this proves that PQE must be used.

    The gist of Murphy’s policy initiatives always boil down the following: (1) Increase taxes in the manner I approve, and (2) Spend the taxes collected in a manner I approve.

    Everything else is window dressing.

  3. He’s quite obviously been reading about the tactical use of VHF radios.

    Unsurprising. I’ve always suspected he wears a tinfoil hat whenever possible… You know, to keep the Neoliberals from sending him subliminal messages about the joy of smaller government.

  4. Did Ely’s own Walter Mitty create People’s Quantitive Easing before he became the first person to formulate the second law of thermodynamics?

  5. Rob, from the first (PDF) link;

    “the null depth in decibels relative to the front-lobe”

    Seems really quite appropriate.

  6. As I’ve said a few times, the natural home of money is the markets. That’s where all the QE went. I’ve made a few bob from that simple assumption. Now the tap is being turned off, and at some future date the flow may even be reversed. Well, it was good while it lasted.

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