The panicked Bank of England promises, in the spirit of John Maynard Keynes, to cut interest rates to zero to “save” the economy. What stingy banksters! Why not – and this is for the Fed too – cut interest rates below zero? Pay the favored few to borrow: minus 5%, minus 10%, minus 25%. The cellar’s the limit. Cover the globe with fiat paper money. Weimar inflation is the answers to all our ills. (via Drudge)
6:46 pm on November 12, 2008