Quote:
Originally Posted by Pierre
Your point being?
---------- Post added at 20:53 ---------- Previous post was at 20:36 ----------
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.
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Oh dear. And here's your fundamental misunderstanding of macroeconomics. A Central Bank simply
isn't a business.
Quote:
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.
You’re confusing QE as magicking money and not having to pay for it..........you do.
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I think you'll find that you continue to fundamentally understand the subject matter.
It's not surprising, as right wing political parties have for ideological reasons sold the myth (and you have unquestionably bought said myth) that national economies and household budgets are essentially the same. They are not. However it's an easy sell to people who don't understand the subject matter, and a prelude to selling off the profitable functions of the state while leaving the taxpayer to fund the unprofitable bits
and underwrite losses where the market fails.
I'll stick with Comrade Rishi here. And literally it's the first time in my life I've agreed with a Conservative Chancellor about anything.