Forecasters assumed that monetary expansion would provide an effective antidote to fiscal contraction. The Bank of England hoped that by printing £375 billion of new money, ($600 billion), it would stimulate total spending to the tune of £50 billion, or 3% of GDP.
而这又导致我们犯下了第二个错误。预测者假定货币扩张会有效地消除财政紧缩。英格兰银行过去希望通过加印3750亿英镑新钞（约合6000亿美元）可以刺激共计500亿英镑的支出（或等于3%的GDP）。