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Originally Posted by RichardCoulter
It was on TV last night that the money that we borrowed from America to fund WWII didn't get repaid until 2006.
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Your point being?
---------- Post added at 20:53 ---------- Previous post was at 20:36 ----------
Quote:
Originally Posted by jfman
That's not how quantitative easing works.
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Well it sort of is, as the BofE purchases government bonds to pump in the cash into the economy, those bonds must have a return for the BofE, eventually, or the BofE goes out of business.
It really is amazing that you think money is “free”.
Increased risk of inflation. But granted inflation has not been an issue for over a decade, but this is a different issue to 2008 so we have to remain “alert” on that.
Quote:
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You are another one confusing macroeconomics with your household budget.
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You’re confusing QE as magicking money and not having to pay for it..........you do.