Alastair Darling has dismissed speculation that the Government would “print money” to ease the pain of recession.
“Nobody is talking about printing money,” he said. “There is a debate to be had about what you do to support the economy as interest rates approach zero, as they are in the US, but for us that is an entirely hypothetical debate.”
Does he mean
a) any debate regarding ‘what to do’ is entirely hypothetical? They have already decided to print money.
b) He’s not going to print money, just mint pound coins.
c) Nobody is talking about it, especially to the cabinet or parliament, but they are going to do it anyway.
d) There is a ‘D’ notice on the entire subject and they are busy doing it at this exact moment.
e) We call it quantitative easing, nobody is mentioning printing money.