[UK] Extra £50bn pumped into economy

Discussion in 'Politics, Religion, Social Issues' started by edesignuk, Aug 6, 2009.

  1. edesignuk Moderator emeritus

    edesignuk

    Joined:
    Mar 25, 2002
    Location:
    London, England
    #1
    BBC.

    What's another £50bn between friends eh?
     
  2. Zombie Acorn macrumors 65816

    Zombie Acorn

    Joined:
    Feb 2, 2009
    Location:
    Toronto, Ontario
    #2
    Glad to know we aren't the only ones trying to spend our way out of a recession. I can't wait till the light at the end of the tunnel, oh wait we'll have to pay off all of this crap before we get there. :cool:
     
  3. CarlisleUnited macrumors 6502

    Joined:
    Jan 30, 2007
    Location:
    Nederland
    #3
    When you print money (Quantitative easing) do you need to pay it back?
     
  4. Eraserhead macrumors G4

    Eraserhead

    Joined:
    Nov 3, 2005
    Location:
    UK
    #4
    No, what you are doing is de-valuing the currency.
     
  5. CarlisleUnited macrumors 6502

    Joined:
    Jan 30, 2007
    Location:
    Nederland
    #5
    Seems sensible when facing deflation, works out well!
     
  6. Zombie Acorn macrumors 65816

    Zombie Acorn

    Joined:
    Feb 2, 2009
    Location:
    Toronto, Ontario
    #6
    Depends where you are at in the process. If you are a salary wage earner your money just became worth a lot less and your wages will stay the same for the rest of the year. Prices on everything will go up during this same time period. In fact the wage earner is usually the last person to see the inflation ripple and by that time everything has already adjusted so they get ****ed for a while and then back to normal, no upside for them.
     

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