I'm still getting up to speed on my economics, but the book I'm reading says a way for governments to pay off bonds if for them to print the money. So what is to stop Gordon Brown and new Labour/ new Tories printing money to pay off the enormous debt? It may cause inflation, but not if taxes rose, and the labour market was opened to increased immigration, and imports. Also a big inflation would solve the problem of excessive mortgage and personal debt, and increased gilt yields would solve the pensions crisis. Is this the real reason why the gold price is increasing, because there are plans to print money?

If you print more of it, the value drops. Inflation causes massive instability in the public finances, and in peoples personal finances. It makes credit to start up new businesses very expensive, it makes the nation not a good investment destination. It causes massive pay demands from workers to keep up parity. It is very easy to print money, it is very easy to screw up an economy. A global marketplace can spot a fraud like that, and will punish accordingly. Gaz

What is to stop Gordon Brown printing money?

Jan 17, 2006 87 Replies

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Max Muir 20 years ago

Not really; the URL you concocted points to your usual dishonest allegations against Broomleigh et al, rather than any content about me.

Why is it always about you, Tom?

Well, after reading this book I think I know.

'STOP WALKING ON EGGSHELLS' by Mason and Kreger

"Narcisstic demands" "people with BDP frequently bring the focus of attention back to themselves. They react to most things based solely on how it affects them." "people with BDP draw attention to themselves by complaining of illness" "These self-involved characteristics are defining components of narcissism".

Borderline Personality Disordered nutter Mr. Tom Moore,

1 Pares Land Walk, Rochdale UK

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Max Muir 20 years ago

Tom Moore forged:

Is that dog still staring at you, Tom? Maybe it works for Broomleigh you know. Be careful! I bet it goes around to the Zen offices near you and makes a thorough report on your activities: "Rowf ra-rowf! Rowy rowf rowfy Tom Moore rowf!" Do you carry your camera all the time when you go out.

Then you get assassinated by your own side.

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hummingbird 20 years ago

On Thu, 19 Jan 2006 03:29:29 +0100, abelard mysteriously appeared thru the usenet mist to inform us thus...

Nah, keep digging.

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abelard 20 years ago

1)they (and much else) are still included in m3 and your claim is that "our entire money supply is essentially debt based" 2)the trust has real world effects...if you pass the scrip to the local shop keeper they are mostly content to supply you will all manner of toys...

most people even let 'their' children out with baby sitters, teachers, travelling to the rock concert etc on the basis of 'trust'.... they leave 'their' motors on the streets on the basis of 'trust'...

indeed money is a matter of trust which is why inflation is such a grave irresponsibility in governments.... inflation is government theft and as such undermines public trust... undermining trust is serious....

but that does not translate into "our entire money supply is essentially debt based"

regards

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Mad Max Muir 20 years ago

"Max Muir" wrote in news: snipped-for-privacy@g47g2000cwa.googlegroups.com:

You think I'm going to give you free advertising?

You've read a book?

You forgot the post code, which the Royal Mail likes after the country, which in their case is called Great Britain, OL16 5SX.

Oh, and when you're harassing Indians, please remember it's Her Britannic Majesty. Other countries have their own queens, your obsession with the British is an irrelevance, especially to the British.

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Mad Max Muir 20 years ago

"Max Muir" wrote in news: snipped-for-privacy@g44g2000cwa.googlegroups.com:

If the only information you can get about me, is from my own web shites, someone else thinks you're a complete waste of space.

And I agree with her.

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hummingbird 20 years ago

On Wed, 18 Jan 2006 10:14:16 +0000 (UTC), M Holmes mysteriously appeared thru the usenet mist to inform us thus...

But Greenspin proved it's the wrong action. It's exactly what he did after the Asian currencies fell over late 90s and it led to a new bubble - ie the dot.com bubble. When that burst, he pumped up the money supply some more and created the housing bubble.

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M Holmes 20 years ago

You're new here aren't you? I refer to to considearable rants of mine on the subject from 1998 through last year...

The peeve is that he's gonna escape before the s*it hits the fan.

FoFP

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