The Great Debate UK

Savings and the alchemy of credit

By Guest Contributor
October 27, 2010

– Ann Pettifor is Director of Advocacy International and a Fellow of the New Economics Foundation. The opinions expressed are her own –

from Commentaries:

So that’s why the Bank buys all that government debt

September 17, 2009

I've found the answer to the monetary puzzle de nos jours. The ritual of the UK Treasury's DMO issuing new government debt one day, only to have the Bank of England buy similar amounts of almost identical stock the next, has puzzled me ever since Quantatitive Easing began.