The Great Debate UK
LONDON, April 23 (Reuters) – The UK Government needs to raise four billion pounds a week, every week, in the financial year to next April, to bridge the gap between its tax income and its spending.
from The Great Debate:
Goldman Sachs wants to do its duty by the American people and give them their TARP money back. Some spoilsports have urged the government simply to say no because allowing the investment bank to repay the cash would make other banks look bad.
— Neil Collins is a Reuters columnist. The opinions expressed are his own —
Quantitative easing is like drinking. Nothing much seems to happen at first, so you take a little more. As the warm alcoholic glow spreads over you, it feels pretty good, and surely another glass will make you feel even better. Stop soon enough, before you start feeling woozy, and there are no ill effects. Go on until you can’t stand, and the effects can be disastrous.