The global economic crisis of 2008/2009 has forced governments to ponder and implement policies that have been uncommon in recent decades and which go against current conventional wisdom. Since the general public is not used to these concepts, it can be easily alarmed by disturbing headlines. Implementing new extraordinary measures designed to increase the money supply is one such story.
In one of its articles, the MailOnline (www.dailymail.co.uk) uses an aggressive comparison: ‘Chancellor Alistair Darling and Bank of England governor, Mervyn King, were said to be contemplating the remarkable and risky measure used with catastrophic consequences by Robert Mugabe in Zimbabwe’. The measure is summarised in the headline simply as ‘Let’s print more money!’
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