The Bank of England "prints" money

[Cyberman]

So long as they cut public spending as well otherwise they would have to issue debt. If they didn't do that then they might find that they only people left to borrow from would be the Bank of England and they get their money by ......

They should have cut public spending years ago. That's one reason we are in such a mess. Still better to issue debt than increase the money supply and cause hyper-inflation.

[d000hg]

I just agreed a new contract at 20% higher than anything else I have right now, in $USD, so as far as I'm concerned... DIVE, POUND, DIVE!!!

[HairyArsedBloke]

They should have cut public spending years ago. That's one reason we are in such a mess. Still better to issue debt than increase the money supply and cause hyper-inflation

Mmmmmmmmm, Errrrrr. No.

[Cyberman]

Mmmmmmmmm, Errrrrr. No.

Yes, and the reason is that debt has to be borrowed with interest, and that is a deterrent to more and more debt. Once you start creating money you are heading down a very dangerous road like Zimbabwe, but this HMG obviously do not care about future consequences, only short-term votes.

[oracleslave]

Yes, and the reason is that debt has to be borrowed with interest, and that is a deterrent to more and more debt. Once you start creating money you are heading down a very dangerous road like Zimbabwe, but this HMG obviously do not care about future consequences, only short-term votes.

Some Zimbabweans are doing just fine

http://www.timesonline.co.uk/tol/new...cle5734148.ece

[chef]

paid in EUR's

i'll just sit back with my weissbeir and watch the pound fall down down down

[MPwannadecentincome]

I just agreed a new contract at 20% higher than anything else I have right now, in $USD, so as far as I'm concerned... DIVE, POUND, DIVE!!!

paid in EUR's

i'll just sit back with my weissbeir and watch the pound fall down down down

keep up the exports!