quantitative easing

Forget quantitative easing, why not try the Billion Pound Drop!

Posted by Nick Cowen in Economics on 26/08/2011

As the world economy teeters on the edge of another recession, Keynesian-inclined economists are coming up with more and more outlandish ideas for stimulating the economy, from encouraging shoplifting, to faking an alien invasion as an excuse to ramp up military spending. These mechanisms, I will try to argue, while insane, do indicate how current approaches to economic stimulus might be improved.