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Printing Money

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    Printing Money

    http://news.bbc.co.uk/1/hi/business/7881178.stm

    The former MPC members are now urging the Bank to consider the use of quantitative easing - creating money to buy assets - as a tool for ensuring economic stability.


    The Bank has already begun drawing from the Asset Purchase Facility - a government-authorised fund - to buy high-quality corporate debt and similar assets.

    Dr DeAnne Julius told the BBC: "We are clearly at the end of monetary policy as we know it."


    How long before we see the £10,000,000,000,000,000 note?

    #2
    Originally posted by DimPrawn View Post
    http://news.bbc.co.uk/1/hi/business/7881178.stm

    The former MPC members are now urging the Bank to consider the use of quantitative easing - creating money to buy assets - as a tool for ensuring economic stability.


    The Bank has already begun drawing from the Asset Purchase Facility - a government-authorised fund - to buy high-quality corporate debt and similar assets.

    Dr DeAnne Julius told the BBC: "We are clearly at the end of monetary policy as we know it."


    How long before we see the £10,000,000,000,000,000 note?
    They can give it to me : I will help get the velocity of money increasing.

    Comment


      #3
      Hyperinflation, bring it on... I'll have that mortgage paid off in no time.
      Science isn't about why, it's about why not. You ask: why is so much of our science dangerous? I say: why not marry safe science if you love it so much. In fact, why not invent a special safety door that won't hit you in the butt on the way out, because you are fired. - Cave Johnson

      Comment


        #4
        Why not just allow people to pay with photocopied fivers? It saves money on printing presses.
        And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014

        Comment


          #5
          Originally posted by DimPrawn View Post
          CUK - The Cream of the IT Contracting Community

          Rich, thick and full of clots.
          I see what you did there...
          Older and ...well, just older!!

          Comment


            #6
            Originally posted by gingerjedi View Post
            Hyperinflation, bring it on... I'll have that mortgage paid off in no time.
            And I can kiss what I have left on credit cards goodbye
            ǝןqqıʍ

            Comment


              #7
              that's not fair on people who save, the responsible people

              Comment


                #8
                Originally posted by contractor79 View Post
                that's not fair on people who save, the responsible people
                Life? Fair?
                ǝןqqıʍ

                Comment


                  #9
                  why should the fiscally responsible suffer at the hands of the fiscally irresponsible

                  Comment


                    #10
                    Originally posted by contractor79 View Post
                    why should the fiscally responsible suffer at the hands of the fiscally irresponsible
                    Because the fiscally irresponsible wield power.
                    And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014

                    Comment

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