If Osborne can find £7 billion to bail out Ireland then why can\’t he find the £7 billion to stop the housing benefits cuts/shore up higher education/ buy planes for the carriers/to hang every member of the labour party?
For of course he can find such money: just tell the Bank of England to print a few more notes and hand them over.
But, and yes, there is a but, a however, this policy comes with costs. Printing money to spend in the UK would raise (by some, possibly trivial, possibly not, amount) future inflation. Or if we borrowed it we\’d have to pay it back.
And yes, the general calculation is that that inflation or debt would be more costly than the benefits to be gained from stop the housing benefits cuts/shore up higher education/ buy planes for the carriers/to hang every member of the labour party.
Similarly, the general calculation is that preventing the implosion of the economy next door, or its banking system, is worth more than the costs of such debt or inflation.
Yes, sure, there\’s always more money available but it always comes with a cost. And whether you agree or not the current government reckons that handing out £spadillion to every chav in the country isn\’t worth the cost.
Even if the chavs do generally vote labour.