Even in the depths of global economic despair in 2009 when we needed really aggressive monetary policy, the measures used and the quantum of money printed as Quantitative Easing was much too timid, and anyway it got stuck in the bowels of banks' balance sheets as excess reserves as they were all too terrified of lending money on to real people or businesses, as the policy intended.
As I write, an MoD plane carrying one million Euros is being airlifted to Cyprus for UK military personnel. It must be a new and very literal definition of 'helicopter money'. And that's the problem. As long as policymakers continue to opt for radically different solutions in every case - then fear and loathing will never be far away from markets and now, once again, from savers.
With full tanks, all systems checked and automatic launch sequence ignited, the European Parliament is ready for lift-off. MEPs achieved much in the first part of 2012 that will make a noticeable difference to the everyday life of ordinary citizens, such as lower roaming charges and killing off the controversial anti-counterfeiting agreement. However, there is much to be done in the months to come.