I’ve often wished I could’ve been an economist. Without a university education, and also lacking the intellectual firepower and mental toughness, I know I couldn’t be one. Doesn’t stop me wishing though.
It’s quite pleasing to see that my simple brain has come to the same conclusion as three of the countries leading economists. I share their view that the Bank of England’s quantitative easing should be directed to support the private sector – buying corporate bonds and commercial paper, rather than the public sector, through buying government bonds. Edmund Conway’s – Daily Telegraph economics editor – blog post, Will the bank soon be buying houses? reports on Fathom Consulting’s quarterly press conference, where there’s some sensible discussion on what to do to get our economy back to full health.