The Treasury is asking for a big overdraft. Fine, as long as its short-term | Nils Pratley

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Any mention of helicopter money is a bit too reminiscent of how long we’ve endured quantitative easing

Please don’t mention helicopters or magic money trees. The subtext of the Treasury and the Bank of England’s announcement that the former will be running up an overdraft with the latter was not hard to decipher. The financial authorities are anxious to avoid the impression they’ll soon be printing money to tackle the Covid-19 shock to the economy.

 

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Huh The government owns the paper - it prints it up... where do you think it comes from?

10:27 PM · 9 апр. 2020 г.· СРАБОТАЕМ БЕЗ ЯДЕРНОГО ЧЕМОДАНА ПУТИНА

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