Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
"Lord Turner thinks the unthinkable: namely, monetary financing of the fiscal deficit. So should policy makers."

Indeed that should be olds, not news, but this is big. Because it's written in the FT.

It will be long before that becomes a reality, however after 40 years of right-wing propaganda, it's a welcome change to see some sense beginning to appear where it's likely to be read.

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi

by Cyrille (cyrillev domain yahoo.fr) on Sat Feb 9th, 2013 at 04:16:34 AM EST
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