Money Printing

From Tax Research UK, it’s time to print money to fill the hole in the economy.

This is hardly a new or controversial idea really, priming the pumps is basic Keynesianism, but I felt compelled to post this after a presenter on BBC News utter the words “There’s no magic money to spend right now” whilst interviewing a Labour MP.

‘Magic’ money, no… but money we can borrow, to spend, to generate growth; which would be more valuable than the cost of that debt and the interest from it – that we can do.

And when there are millions unemployed or underemployed there is an imperative to do so.

Cheers

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About iwastoldtheredbegin

Politics of the Left Wing and Liberal variety, plus gin!
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