3 Comments
User's avatar
Catherine Moore's avatar

Can't the Bank of England print the money instead of private banks? 🤔

Expand full comment
Jared A. Brock's avatar

By their own admission, the BoE reports on their website that nearly 90% of £GBP is created by private banks. They create the rest... almost exclusively as interest-bearing debt. It's madness, and unnecessary.

Expand full comment
Catherine Moore's avatar

😦

I thought only the BoE could legally print money out of thin air. I'm still confused.

Expand full comment