The Spectator

Letters | 4 April 2013

issue 06 April 2013

Quantitative ease

Sir: Unlike Louise Cooper (‘The great savings robbery’, 30 March), I don’t have a problem with inflation or quantitative easing. It’s the perfect tax: painless, easy to collect and fair. It’s painless because after having been collected you still have the proverbial pound in your pocket. OK, it’s worth less — but as Louise points out, we don’t really notice.

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