Pax:
But the govt intend it to be built with private money becuse the UK govt has no money - just like the USA govt.
They have plenty of money. The UK government has has already created about £300 billion, and the USA more than $1 trillion. And the US has just announced it is creating another $40 billion each month.
The problem is that politicians keep giving this money to the banksters, instead of to industry and to worthwhile reconstruction projects. The Silver-Boris airport could be funded in five minutes, if Lord King signed another bit of paper creating another £50 billion.
Edit: Banisters??? Damn spell checker.....
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Also, QE has massive economic consequences for savers.
QE has enormous consequences for everyone, but so too does sitting and playing your filled while Rome burns. The only upside of QE is that (eventually) it effects everyone equally. Its not just savers who get their fingers burned with QE (when it is applied properly).
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