Business Daily - Tapering begins
The US Federal Reserve announces the beginning of the end of cheap money - what does it mean for China and other developing countries, and what does it say about the US economy?
Ben Bernanke confirms that the era of cheap dollars is drawing to a close. Manuela Saragosa asks the BBC's Business Editor Robert Peston what it says about the state of the US economy. She also hears from John Sudworth in Shanghai about the tremors being felt in China and other developing countries. Also in the programme, should everyone be entitled to a minimum basic income, guaranteed by the state? That is the proposal being put to a vote in Switzerland, as Imogen Foulkes reports. And if the Swiss vote yes, should the rest of us follow? Tim Harford weighs the pros and cons - will it engender a more decent society, or just a lazier one?