In an interview today with King World News, Swiss gold fund manager Egon von Greyerz offers what may be the best mocking yet of "quantitative easing."
"It amuses me," von Greyerz says, "that the Bank of England has just published a paper stating that QE has raised growth in the United Kingdom by 3 percent or 50 billion pounds. Isn't this wonderful? Supposedly money printing raises GDP in real terms. So the U.K. has had QE of 375 billion pounds, which has raised real growth by 50 billion pounds. So why don’t they print 375 trillion instead? This way the U.K. would be the biggest and most prosperous economy in the world."
Von Greyerz's interview is excerpted at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_Da...2014/4/21_A_...
