Quantitative Easing Explained
The UK can afford a £7bn loan to the ROI because it can just print it. Here’s a great video explaining the US $2.6bn QE programme. (“Is this an episode of the Twilight Zone?”). Here’s some Q&As from the BBC. Why are the UK’s actions different from 1920s Germany and Zimbabwe? Printing money can be defined as the central bank financing of government debts. This is what happened in both 1920s Germany and Zimbabwe and what the British government will …