Latest Issue

General election 2015: Welcome to Britain’s QE

By Jay Elwes  


No, not quantitative easing—this has nothing to do with printing money. This is something quite different. Welcome instead to the “Quantum Economy,” which has less to do with the sound of rolling printing presses and everything to do with deep, flummoxing uncertainty. In this new “QE”, all economic measurements appear contradictory. The most basic judgements are impossible. There is no agreement about how the economy is behaving. If 0 denotes economic failure and 1 success, then the sum of all available expertise suggests that the answer to the simple…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to

More From Prospect