Oour Wullie Today

It\’s amazing what this man seems to believe, even more amazing that he\’s taken to be an expert on matters financial and economic.

Essentially, the government has to instruct the Bank of England to lend the banking system cash the Royal Mint has printed.

The Royal Mint makes coins (and medals….not sure that a rapid issue of DSOs is going to do much for the economy). As mints tend to do of course. If we\’re going to try and do the "helicopter money" trick with two pound coins I think we\’ll be in for a fairly painful time.

The printing of money has historically been done by the Bank of England itself, now subcontracted out to De La Rue.

Is it too much to ask that columns in a national newspaper describe reality?

 

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