He spoke picnic protest in france over deploying Living Standards descends into violent with demonstrators damaging property and the right to point. Those are your headlines this hour you can always read more on these comments at alton dot com dont go anywhere yet though because up now its going underground and if youre in the u. K. I dont stick around for sputnik. Welcome from london to going underground in the week when Boris Johnsons British Government was ruled to have acted unlawfully in shutting down democracy in westminster coming up on the show those britain draws you leave your view and union is the trading block turning into germany well ask the university of london. Where the e. U. Is. Being forced to print tens of billions of euros from. Your would be. Are being killed as i speak to you tonight killed as a direct result of policy decisions we as a body have made we ask them to help the real war crimes in the pentagon papers. If donald trump firing john bolton will really ma
Should have had a more we do have it remains very large so yet were were in a bad situation i think and britain. Half a trillion of this quantitative easing and even voices in the military people see committee of the bank of england saying its not working yet well this voice is everywhere and now even some of the top x. Central Central Bank Governors raising questions about q. E. Mario draghi in his announcement talked about the need for governments to do more expanding fiscal policy and thats a view thats becoming increasingly prevalent i think amongst Monetary Policy makers governments arent yet getting the message that we still havent seen expansion in fiscal policy to create demand in the economy that i think you need the roots of the response problem to what we have right now are the roots to be found in postings because. I know youve been writing about the fact that we keep emphasizing Household Spending rather than innovation and progress and the fact that money supply may not b
Progress and the fact that money supply may not be the most important thing here it may be money allocation as someone from the Chinese Communist but anyway yes i think that is exactly the problem there isnt really a supply story problem theres a demand side problem the demand is coming from speculative speculative type demand so theres lots of demand from households to get mortgages to buy houses house prices keep going on as demand from investors to buy Financial Assets but there isnt enough them on from businesses to invest in innovation in Capital Investment paying pays it always is a group think they think that entrepreneurs Small Businesses big corporations they will be investing thinking its all about the private sector and theyll do it yeah i think it is about to do that i think the theory of quantitative easing is basically that if the Central Bank Buys up the safe. Assets the government bonds some of the Corporate Bonds that are held by Institutional Investors those Instituti
In japan and we still havent got anywhere near the levels of growth that we had precrisis so the output gap between the protect what could have the growth we should have had a more we do have it remains very long yet were were in a bad situation i think and britain. Half a trillion of this quantitative easing and even voices in the military will see committee at the bank of england saying its not working yet well theres voices everywhere now even some of the top Central Central Bank governors raising questions about q. E. Druggy in his announcement talked about the need for governments to do more expanding fiscal policy and thats a view thats becoming increasingly prevalent i think amongst Monetary Policy makers governments arent yet getting the message that we still havent seen expansion in fiscal policy to create demand in the economy that i think kids need. The roots of the response problem to what we have right now are the roots to be found in postings because. I know youve been wr
A demand side problem the demand is coming from speculative speculative type demand so theres lots of demand from households to get mortgages to buy houses house prices keep going on as demand from investors to buy Financial Assets but there isnt enough them on from businesses to invest in innovation in Capital Investment paying pacing i wages is a group think they think that entrepreneurs Small Businesses big corporations they will be investing thinking its all about the private sector and theyll do it yeah i think it is about to do that i think the theory of quantitative easing is basically that if the Central Bank Buys up the safe assets the government bonds some of their Corporate Bonds that are held by Institutional Investors those Institutional Investors will then bible and sort in risky of bones from the real economy from medium sized and those firms will then use that money to invest in Capital Investment productive activity in reality. Well there isnt enough demand in the econ