I've been thinking about this for a while now and after weighing up all the cons and cons have come to the conclusion that it's a short-sighted strategy that can only result in tears, despite what all the economics experts are paid to say. But I have a solution that could work, and it is quite simples:
We print Dollars instead.
This way we have all the benefit of more money, with which we can pay off our loans, but don't suffer the downside of inflation. Surely the Royal Mint has the wherewithal to be able to print Dollars instead of Pounds, and good quality ones too?
We print Dollars instead.
This way we have all the benefit of more money, with which we can pay off our loans, but don't suffer the downside of inflation. Surely the Royal Mint has the wherewithal to be able to print Dollars instead of Pounds, and good quality ones too?
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