How more cheap money will lead us deeper into trouble

The Bank of England has been throwing money at the economy since it was made independent. But right now, rock-bottom interest rates and 2007-style lending aren't what the country needs, says Adrian Ash.

Shock and awe was never supposed to be the Bank of England's approach. "Predictable", even "stolid" were meant to be this ancient institution's watchwords. The current chief, Mervyn King, proclaimed it so. Time and again:

"Our ambition at the Bank of England is to be boring," declared Dr. King a collegial buddy of Ben Bernanke's at Massachusetts Institute of Technology (MIT) in the '80s in a jolly speech of April 2000, just a few years after the Bank's 300th anniversary.

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Adrian has written all things gold related from if it’s worth buying, what the real price of gold should be and what’s the point of gold for MoneyWeek. He has also written for other leading money titles on his gold expertise including Business Insider, Forbes, City A.M, Yahoo Finance and What Investment Magazine. Now Adrian is head of the research desk at BullionVault, a physical market for gold and silver for private investors online.