Exactly 2 years ago, almost to the day, at the Tory Party conference, David Cameron was denouncing Gordon Brown’s government for supporting quantitative easing, insisting that a Tory government would oppose it.
Fast forward 2 years and a massive £75bn quantitative easing injection is announced.
When Cameron claimed 2 years ago that he was opposed to quantitative easing, the former member of the BoE’s monetary policy committee, the economist David Blanchflower, described it as “the most wildly dangerous thing I have seen in 100 years of economic policy in Britain” claiming that the Tories had “no understanding of economics”
Today’s announcement is just one nail in David Cameron’s credibility coffin.
http://www.thisislondon.co.uk/standard/article-23754537-camerons-economic-plans-branded-wildly-dangerous.do