Comments by "John Burns" (@johnburns4017) on "Jeremy Corbyn: what’s his economic plan? | Paul Mason" video.

  1. When interest rates are zero people move their savings to other forms of making their money grow, property, stocks, etc. This creates some growth as this money is moving around the economy. Obvious. He did not say where money being printed comes into it. Either he missed something or I did.
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  2. Slave2PaperWithInkOn Thanks. I am fully aware that private banks create money out of thin air predicated on debt. When the loans are paid off the money is destroyed. The more debt, the more money in circulation. mmmm not such a good thing, hence positive money. McDonnell and Corbyn want a public owned bank to print HMG money (quantitative easing) for mainly the likes of infrastructure projects. Currently HMG uses private banks to print the money who take a cut and give themselves bonuses. Hence these private outfits make money out of doing nothing showing no enterprise.
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