DocComment: If At First You Don’t Succeed, Mess With It Some More?

An article summary from the U.K.’s Telegraph appeared today that read (LINK):

Money printing has “limited influence” on growth and more radical measures are needed to stimulate the economy, the newest member of the Bank of England’s rate-setting committee has warned.

The title of the article, at least on the front page of the Financial section of the online paper, is similar:  ”More targeted measures than QE needed to drive growth”.

I do not want to actually read the article, and besides, I have exhausted my 20 free “reads” per month.

These BofE worthies have read about laissez-faire.  They think it’s quaint.  They don’t think much of it, though, or so it would appear.  They may not care about the thoughts of John Stuart Mill (who was not a pure libertarian by any means; LINK):

“If the roads, the railways, the banks, the insurance offices, the great joint‑stock companies, the universities, and the public charities, were all of them branches of the government; if, in addition, the municipal corporations and local boards, with all that now devolves on them, became departments of the central administration; if the employees of all these different enterprises were appointed and paid by the government, and looked to the government for every rise of life; not all the freedom of the press and popular constitution of the legislature would make this or any other country free otherwise than in name.”