Throwing money out of a helicopter

by David Bennett on March 25, 2009

Ann Treneman in the Times today reports on what happened when Mervyn King, the Governer of the Bank of England, appeared before the Treasury Select Committee to explain the intention to print more money.

Apparently Sir Peter Vigers asked whether the strategy was better than, say, throwing money out of a helicopter.

There has got to be a cartoon in there somewhere.

Daimler
And in an unrelated item in the Times today, save that it is about who has got the money and what you get for it, Dubai has ordered 260 Mercedes Benz buses from Daimler. That is the day after a company owned by the government of Abu Dhabi (80 miles up the coast from Dubai) bought a 9 percent stake in the company for $2 billion.

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