Bring Out the Printing Press!

That’s the only way out of the deepening crisis of the advanced economies, according to FT economics editor Martin Wolf in his column today.

“It is the policy that dare not speak its name: the printing press. The time has come to employ this nuclear option on a grand scale. The alternative is likely to be a lost decade. The waste is more than unnecessary; it is cruel. Sadists seem to revel in that cruelty. Sane people should reject it. It is wrong, intellectually and morally.”