Tuesday, November 15, 2011
What we need is Karen on the Bond Market
Living in New Zealand I have only just discovered Karen from the BBC's Outnumbered. The Brits have known about her for the last five years which gives some indication of how behind the times TVNZ is but what I have come to the conclusion that what the economic crisis needs is a Karen.
Out of the mouths of babes sometimes comes a lot of insight. I should love to get Karen on the Bond Market. That's the market where governments lend money they don't have and promise to pay it back in the future by lending out some more money they don't have. When this tactic eventually comes to the point where a government has to pay the problem is solved by printing a lot of money they don't have to pay back the punters! Karen would see immediately that it is not going to work.
How can we all be so gullible? I know UK has taken Karen to their hearts but it is now time the rest of the world woke up to her. Karen is very good at seeing off door to door salespeople too.