In the Torygraph, Jim Rogers predicts that George Osborne and Mervyn King will bring in more ‘quantitative easing’, to solve all of the problems caused by earlier rounds of money printing, but will change the name again, to lie to us once more about what they are doing, now that ‘quantitative easing’ (the previous lie used to disguise money printing) itself has gained a bad name:
It’s interesting how these political lies evolve over time. The busts, caused by government money printing, went through Panic, Depression, Recession, Stagnation, Slowdown, Cooling, Flattening, towards the latest, ‘Stalled Recovery’. It will be fascinating to see what they next call money printing. Rogers predicts ‘Cupcakes’. I fancy ‘Resolution Support’.