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    DrALJONES (draljones@mastodon.social)'s status on Tuesday, 29-Oct-2024 09:15:26 JSTDrALJONESDrALJONES
    in reply to
    • A Tattered Scrapbook

    @Tattered

    Yes. But you know what? As a currency issuer, the UK doesn't need to sell anything to fund reparations. Not a single pearl....

    Bank of England
    The "govt creates new money when it undertakes expenditure, rather than spending being financed by taxation.. or debt..."
    https://ucl.ac.uk/bartlett/publicpurpose/publications/2022/may/self-financing-state-institutional-analysis

    In conversationabout 3 months ago from mastodon.socialpermalink

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