As the dark, deflationary clouds from China and elsewhere gather, and as unemployment and underemployment are still to be found in great swaths of the country, Adonis could propose an infrastructure programme that can help deal with these threats. This would involve using QE to fund increased economic activity that protects the environment through a programme to make all the UK’s 30m homes, offices and factories energy efficient.
This decades-long energy infrastructure project
But, but, GQE and PQE are to be used only in times of utter economic distress, not over decades!
Or has Ritchie not been able to get Hines up to date with the new version?