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The question the Treasury can't answer

Dear Sirs,

Much has been made of late of the supposedly newly discovered quantitative easing - the process of creating money out of thin air and giving it to the banks in order for the banks to lend (ie sell) at interest to industry, entrepreneurs and small businesses at their whim.

Would it not make much more sense for the Government to create this money and lend it direct at low or no interest to the same parties thereby saving time, effort and expense?

This process was recommended by the Australian Royal Commission on Money as long ago as 1937.

Yours Sincerely, A Baron

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Dear Mr Baron

Thank you for taking the trouble to draw this point to my attention.

Stephen Timms

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Reply to
thedarkman
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You are missing a point.

Government official A is part of the Gov board that lends Bank B money.

Government official A retires early and seeks a new, higher salaried position, in outside industry. Bank B offers official A a lucrative position in their bank. Being paid with some of the dosh leant in previous years.

see that's how the system works.

Reply to
Lez Pawl

In which case, that is corruption and person A deserves to spend his retirement at Her Majesty's Pleasure.

Reply to
Graham Murray

would that be the same corruption that permitted them to claim for mortgages that ceased 5 years previous.

Reply to
Ken Tukyfriedturkey

You seem to be assuming that it is the Government that runs the economy.

Francis

Reply to
Francis Burton

yet they do run it...into the ground.

Reply to
Ken Tukyfriedturkey

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