Half-Baked Idea About Elasticity of Money Supply ; in Association with Rensburg Sheppards the Big Feature
Linked as:
Summary
SOME commentators have suggested in recent days that all of the money the Government has used to bail out our banks need not harm public finances or alter existing public sector spending or tax plans.
The argument goes that taxpayers' money invested in the shares of British banks is a beneath-the-line, offbalance sheet transaction.See the full content of this document
Extract
Half-Baked Idea About Elasticity of Money Supply ; in Association with Rensburg Sheppards the Big Feature
The Government, proponents of this view claim, is not so much spending its cash as swapping it for another class of valuable assets.
They go on to argue that,...See the full content of this document
Sponsored links
