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0 sats \ 2 replies \ @spiderman OP 27 Aug \ parent \ on: Britain and France May Have to Seek IMF Bailout econ
I understand printing money as...well...,printing money. Literally. Putting inks (picture of the queen) on pieces of paper.
Here, you can see the change in base money (not deposits, but count of the papers with the queen's face) over the last decade, and the rise is hard to miss. I cannot imagine anyone else but the UK government doing the printing here, as otherwise it would amount to counterfeiting.
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7 sats \ 0 replies \ @SwapMarket 27 Aug
Sure, that's what they show on TV. This is a small fraction of money in circulation and definitely not how the government repays its bonds. Most funds only exist electronically as numbers on computer screens.
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0 sats \ 0 replies \ @Solomonsatoshi 27 Aug
The core problem is decades of trade and fiscal deficits. You dare not explore why that is the case. Printing money is simply the coping mechanism delaying the impact of constantly worsening competitiveness with the rest of the world- primarily over the last 3 decades, China.
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