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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 [...] These guys would bristle at the idea that they are unqualified to have the outsized influence on our lives that they have, but now and then they do admit they have been very, very wrong. Here is the Bank of England’s head, Sir Mervyn King, from today’s Telegraph live blog: We thought that by now [...] |
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