This video may be worth watching for those who want to know more about QE. I share the view that QE is government debt cancellation.
This is the UK summary of the argument:
.
Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:
You can subscribe to this blog's daily email here.
And if you would like to support this blog you can, here:
Why is this not the case? Is it simply political need to have a debt or are there standards and conventions that force nations to account this way?
No reason why you should reply to tweets, Richard, so i’ll ask my question here.
The Bank has 26% of government debt already. If we were to adopt GQE as a policy, it isn’t inconceivable that it could run out of debt to buy. Would GQE then be stymied, or is there an alternative mechanism to achieve the same result?
GQE creates new debt
There is no capacity to absorb more than £50 bn a year
But it is not old debt that would be bought, but new
Richard, today the Public Banking Institute sent details to me which included this link regarding Bank of Canada. Mark Carney was of course in charge here before being appointed Governor, BoE, and other senior posts at BIS, Basel.
It will be interesting to see how far this case proceeds.
http://www.publicbankinginstitute.org/canadian_court_decision_has_revolutionary_implications_for_banking?utm_campaign=feb_newsletter&utm_medium=email&utm_source=pbi
It will all end in tiers.
QE = Helicopter money for the rich ?
But as I have explained, often, it needn’t be