Chris Dillow has an interesting article criticising the Chancellor's statements ruling out the idea of quantitative easing . Chris points out why it might help to directly put more money into the economy, especially when people are fearing deflation. However, the managerialist ethos that Chris disagrees with does seem to encourage politicians to give a false degree of certainity as to what they plan to do. They don't want to admit that they are 'thinking about it'. This is partly because they fear newspaper headlines that they are indecisive and, partly, because they may have a greater confidence in their abilities than is merited.
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