Tag Archives: Economic Politics Today: “We’ve No Idea What To Do

John Ward – Economic Politics Today: “We’ve No Idea What To Do, But The Other Lot Are Even Worse” – 2 October 2013

JohnWMario Draghi told the world’s media this afternoon that he has a “vast array of instruments”  to control market interest rates.

I wonder how many Sloggers remember the exact same claim being made by Bernanke when, three years ago, he was asked what he might attempt if QE failed. Well, it failed: but instead of admitting that and pulling another solution out of his proprietary tool kit, Ben just kept on saying that more is more….as opposed to less, which is obvious to anyone who can add up. Continue reading