Bank Pumps £75bn More into Quantitative Easing

According to Guardian today The Bank of England has decided to pump another £75bn into the banking system.

Faced with growing warnings of a double-dip recession and a eurozone crisis, the Bank is setting aside fears about high inflation to increase its programme of quantitative easing (QE).

Well, we comment with the Albert Einstein’s definition of insanity:

“Doing the same thing over and over again and expecting different results.”