tag:blogger.com,1999:blog-2948538160252327076.post720313945417168928..comments2023-11-02T15:48:50.381+00:00Comments on UK Bubble UK Economy: Lets make up some new money - it will make us happyAlice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2948538160252327076.post-37780951761003486812011-11-08T23:44:42.887+00:002011-11-08T23:44:42.887+00:00Entirely possible to create your own money. Been d...Entirely possible to create your own money. Been done lots of times, very successfully:<br />http://en.wikipedia.org/wiki/Local_currency#Historical_local_currenciesGavinnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-57295105502769283442011-11-08T01:44:49.342+00:002011-11-08T01:44:49.342+00:00Well Budgie may be right in theory.
But the fact i...Well Budgie may be right in theory.<br />But the fact is politicians can't be trusted to manage a fiat currency, and it therefore doesn't work.<br /><br />They intentionally inflate to trick the public into thinking they are wealthier than they really are.<br />My parents often tell me they could buy a house for £2000 when they first got married.<br />Same house is £250,000 today... (thats after the crash)<br />Even though 'really' they know its inflation, and it was in proportion to their earning at the time.<br />I have noticed the older generation just can't help but 'relate' to prices as they were when they were young.<br /><br /><br />But no, the BoE is not printing to make 'us' happy, they are printing to loot the value of savings and to reroute that money to the banksters.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-59674080206945315612011-11-08T00:43:37.630+00:002011-11-08T00:43:37.630+00:00Amen to that, budgieAmen to that, budgieAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-57036965908132923622011-11-07T21:57:39.859+00:002011-11-07T21:57:39.859+00:00No, not really. The fiat money in circulation, inc...No, not really. The fiat money in circulation, including retail loans, should exactly match the productive capacity of the nation for stability. Paper money is merely a model of the real economy. Its prime advantage being that it massively simplifies what would otherwise be barter.<br /><br />The mistake the OWS protesters are making is the same as Gordon Brown made when he increased money supply by 12% and found in crude terms that GDP rose by about 4% and the other 8% went to create that year's housing bubble. Paper money must be properly controlled to work.Budgienoreply@blogger.com