12 BILLION in foreign aid ! …. how much extra does the NHS need ?
from the dregs of my economics studies years ago, private banks don’t manufacture electronic money. A simplistic view makes it look like that but the banks have assets and liabilities that the money is linked to. Unfortunately, I don’t quite understand it well enough to give a succinct explanation, so hopefully someone else can
On the other hand, the government printing physical money leads to inflation, and then hyperinflation. This isn’t good, or a solution.
Google tells me that ‘seigniorage’ is the word for money being cheaper to produce than it’s face value. (that’s the ‘government makes a profit from printing money’ idea)
