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General election 2015: Welcome to Britain’s QE

By Jay Elwes  

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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…

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