At the start of this month, the gilts market appeared overwhelmed by the burgeoning demands of the UK government. Then the Bank of England sprang to the rescue, announcing that it would spend tens of billions of pounds acquiring government bonds. Gilts surged in response to this news. Economists applauded. Their reactions are mistaken. Quantitative easing, as it is called, poses a grave danger to Britain's creditors. It is a perilous policy that threatens further disruption to the financial system at some future date.
本月初,英国国债市场似乎被英国政府蓬勃增长的需求淹没了。当时,英国央行(BOE)迅速出来救援,宣布将花费数百亿英镑购买政府国债。受此消息影响,英国国债大幅飙升。manbetx20客户端下载 学家为之喝彩。但他们的反应是错误的。称为定量宽松政策对英国债权人造成了严重风险。这是一项危险的政策,在未来某天也许会进一步破坏金融体系。