QE for people / Helicopter money

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Marco SabaThat the liability of the central bank is a fake liability is a well recognized fact among academics. Here: Seigniorage, W. Buiter, 2007: http://eprints.lse.ac.uk/19733......

December 2016

RJif the UK Govt deficit spends itDEBIT ExpenseCREDIT ????????????????????If a bond is issued to either the market or the BoE = debtCREDIT Bonds issued (DEBT?)But what if a bond wasn't issued and the treasury just had a reserve overdraft at the BoE. That the treasury paid interest on. Is this really a...

November 2016

RJ"There can be no net savings"Only if you exclude Government bonds held by for example pension funds. And why would you do this. As you pointed out"The liability is measured by bonds in issue."Agree. But here is a point that many overlook. This can include Govt bonds held by the non bank sector. Or b...

November 2016
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Michael Wallace EllwoodWouldn't it be better to petition the Chancellor to give his fellow ministers the authority to spend government money on building whatever infrastructure the country needs as an investment for the future?The BoE will already do whatever the Chancellor needs it to do in order to further the governmen...

November 2016
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