Richard Murphy on Nostr: Why have we tolerated the Bank of England’s dismal failure on QE? The whole QE ...

Why have we tolerated the Bank of England’s dismal failure on QE? https://www.taxresearch.org.uk/Blog/2024/06/27/why-have-we-tolerated-the-bank-of-englands-dismal-failure-on-qe/ The whole QE programme was a sham to disguise the fact that the government was creating new money. It was totally unnecessary to issue bonds to disguise that fact, or for the government to buy them, and now to supposedly resell them. Only dogma required this, but the cost might be £100bn. And that makes the PPE scandal look to be tiny.