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BBC New Budget 2013 Radical Options for the UK Economy Helicopter Money

March 12, 2013

Read the article at http://www.bbc.co.uk/news/business-20617088 and scroll down to Option 3. So the Treasury and the Bank are looking at this (nervously no doubt), but if nervous about inflation why are they not looking at the 2nd half of monetary reform – preventing commercial banks from creating 97% of our money in the act of often foolish lending?

Answer – because the commercial banks won’t like it as it will over time reduce the size of their balance sheets and hence their profits.

 

And why has not the BBC covered this in live TV?

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