The Bank of England
will start pumping newly created money into the economy today
by buying £2 billion in gilts
as it embarks on "quantitative easing"
in an effort to boost the economy...
Mervyn King, the Governor of the Bank
indicated last week that the Bank would continue this course of action
until the lending markets became unglued
Bank to begin 'printing money' to boost economy
Why did the Athenians create more money
by decreasing gold and silver coin content
during the Peloponnesian war?
Athenian money…defined a pattern
which was to repeat in other empires which were to follow
dominance of trade
influx of gold to balance exports
public wealth
liberty
overconfidence
the discovery of loosely managed money
as a stimulating solution to stagnation in an economy near its zenith…
before finally the emptiness of the monetary promise was exposed
leading to rapid national collapse
Paul Tustain
Did increasing amounts of money, debt, energy and people
enable the world to consume more raw materials in the last 75 years
than in recorded history?
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