Beneficence and Maleficence

“When you throw money into the system at a rate much in excess of the requirements of the real economy, you’re trying to get people to borrow and spend, but the good guys out there won’t because they’re too cautious. It’s the bad guys who come in, the malefactors."

Roger Nightingale, economist and strategist at RND Associates, on CNBC Monday 16 July 2012