BTCUSD: Bitcoin prices Touch Off New High But Quickly Retreat

It’s a pleasure to be speaking today at the University of Birmingham, and an honour to be doing so at the third Peter Sinclair Town Hall lecture. My focus today is on quantitative easing – QE for short – and its use as an economic policy tool. The Bank of England’s internal Independent Evaluation Office (IEO) published its own evaluation of QE earlier this year, where it noted that “there remain open debates about how QE works in different states of the world, its broader interlinkages and its potential limitations”.1 What I want to use my lecture for today is to set out my own views on QE as a policy tool, as well as contribute some thoughts to some of those debates. Before I do that, though, I want to start with my own recollections of Peter. Tim Harford began this lecture series last autumn by noting that he was an economist because of Peter, as is true, I am sure, of many people joining us today. I can actually take it further. I was first enthused by economics by one of Peter’s students, the late Ken Durham, like Peter also a great teacher and educator, who taught me economics at school and encouraged me to apply to Brasenose College. The only bit of the whole application process to Brasenose which went well was my economics interview with Peter, which I remember as much more of a friendly tweet at 11:02am: Bank of England's Ramsden says QE is a policy tool that has worked Says I continue to see the current stance of policy as appropriate, given the current degree of uncertainty around the health and economic outlook tweet at 11:02am: Ramsden I said in a speech I gave in October that we had QE “headroom” remaining28 . And although we have announced £150bn more QE since then, that still remains the case tweet at 11:04am: BoE's Ramsden says if needed the BoE could re-evaluate some of its self-imposed constraints on gilt purchases to create more headroom tweet at 11:07am: Reminder that this was the most pertinent comment that Ramsden made during the Feb MPR Presser https://t.co/ffvMrpd20n

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tweet at 11:22am: *U.S. ISSUES ADVISORY IN NORTH KOREA CRYPTOCURRENCY THEFT SCHEME tweet at 11:30am: U.S. Charges three North Korean computer programmers with a massive hacking scheme to steal more than $1.3 billion of money and cryptocurrencyNorth Korean hackers charged in massive cryptocurrency theft scheme Federal authorities said Wednesday that three North Korean computer programmers have been indicted for conducting a series of cyberattacks to steal and extort more than $1.3 billion in cash and cryptocurrency from financial institutions and companies. The programmers also are accused of creating and deploying “multiple malicious cryptocurrency applications, and to develop and fraudulently market a blockchain platform,” according to a Department of Justice press release. At the same time, authorities announced that a Canadian-American citizen agreed to plead guilty to charges in a money-laundering scheme, and admitted to helping the indicted North Koreans “cash-out” their “cyber-enabled bank heist.” Officials said the charges laid out Wednesday expands a case from 2018 that detailed the cyberattack on Sony Pictures and the creation of the ransomware known as WannaCry.

New York Attorney General Letitia James today took legal action to shut down an illegally operating cryptocurrency trading platform that defrauded thousands of investors across ...

tweet at 11:42am: MORE BOE'S RAMSDEN: "NEGATIVE INTEREST RATES IS OBVIOUSLY A VERY, VERY LIVE ISSUE." #bankofengland #daveramsden #ukrates #ukeconomy tweet at 11:43am: MORE BOE'S RAMSDEN: "IT MAKES SENSE FOR US NOT TO RULE OUT THE USE OF NEGATIVE BANK RATES." #bankofengland #daveramsden #ukrates #ukeconomy tweet at 11:45am: MORE BOE'S RAMSDEN: USE OF NEGATIVE RATES WOULD DEPEND ON THE STATE OF THE ECONOMY AND ALSO "FEASIBILITY." #bankofengland #daveramsden #ukrates #ukeconomy tweet at 12:02pm: Ramsden says BoE is ready to implement negative rates