January 20, 2009
Printing money is go
Story link: Printing money is go
So you would think that this is all good for the UK economy, lots more money in the markets.
Printing money obviously has its down sides too, even if it allows banks to re-enter credit based markets.
The Bank of England was today given a licence to print more money to bail out the failing economy.
In a drastic new twist to the financial crisis, the Bank’s monetary policy committee has been told it can increase the money supply if it believes more cash is needed to kick-start the financial sector.
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