Osborne admits the government is “desperate” and “all other policies have failed”
Spot the difference…
Today:
The Guardian: “The Bank of England will inject billions more of electronic cash into Britain’s flagging economy, extending its quantitative easing programme by £50bn.”
2009:
George Osborne: “quantitative easing – printing money by another name – is the last resort of desperate governments when all other policies have failed.”



