Green QE — Is This the Worst Idea Ever?

I thought the Austerity Curve was mental. But the Green Party’s Green QE idea is beyond mental — it’s batsh*t crazy… They genuinely seem to believe you can create money out of thin air…

Green MP Caroline Lucas (Brighton Pavilion), who has welcomed the report, said:

“It is understandably difficult for people to get their head around the idea that the Bank of England could magic out of nothing up to £70 Billion of Green Quantitative Easing. Yet it has already e-printed £27 billion (around £4,000 for every man woman and child in the UK) in an effort to get increased borrowing to British business via giving the money to the banks. But this money has completely failed to reach small businesses in the real economy which urgently need support.

“The bankers have had their £275 billion chance. Now it’s time for the Bank of England to help create jobs, stabilize the economy, and support the environment through a package of Green Quantitative Easing. I will be calling upon MPs of all parties to support these proposals, and urging my Parliamentary colleagues on the Treasury Select Committee to raise the issue of Green QE when they next question Sir Mervyn King.”

Truly, it speaks for itself. Crazy, just crazy…