DocRichard 1221682541|%e %b %Y, %H:%M %Z|agohover
in discussion Hidden / Per page discussions » Money created through Loans
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DocRichard 1221682541|%e %b %Y, %H:%M %Z|agohover
in discussion Hidden / Per page discussions » Money created through Loans
DocRichard 1221673079|%e %b %Y, %H:%M %Z|agohover
in discussion Hidden / Per page discussions » The Central Case
SJ: not sure this is true[anout notes and coins. The BoE print the money and there will be an account at the BoE with a negative balance representing the £40bn note & coins in circulation. Also if the government borrows money (currently £500bn) is causes the creation of the money through its borrowing. Is creation a bad word to use?
RL: Yes, creation is a bad word. This whole topic is so shot through with emotion that we must find new, clean words. "Creation" also carries religious connotations.
Since the 3% notes and coins is all that is left of seignorage, now that the banksters have baconsliced the govts share, I think it holds that govt issues 3%.
DocRichard 1221581382|%e %b %Y, %H:%M %Z|agohover
in discussion Hidden / Per page discussions » The Central Case
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