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Richard J Murphy
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Comments by "" (@foxmoongaze) on "The government can never run out of money" video.
But, creating more money devalues what already exists - would your solution not tip us into huge inflation (increase in money supply) and possibly hyper-inflation, and devalue the GBP against other currencies?
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A government can never run out of money, but the money can run out of any value to buy anything. Printing money to buy whatever the government wants is another form of taxation on anyone holding the currency. The currency will be dropped around the world and the only lender will be the Bank Of England ..... goodbye GBP!
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