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.


About iwastoldtheredbegin

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