‘We’ll Slash Interest Rates to Zero’

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)

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6:46 pm on November 12, 2008