Adam Smith Institute

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Against the mainstream economic paradigm

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against-the-mainstream-economic-paradigm
Injecting more new money, whether through QE or credit expansion in excess of real savings, will not "fight recession". It will merely delay and worsen the eventual downturn, because injecting new money is bound to shift activity from sustainable economic action to action supported only by that new money.

Steve Baker MP 'On economic forecasting and double-dip recession' Conservative Home