Comments by "Edward McLaughlin" (@edwardmclaughlin7935) on "Why do governments issue bonds when they don’t need to?" video.

  1. Why do we need the Bank of England to give money to the government? Why can't the government issue money of its own? Does the Bank of England charge a fee on the money it provides? Where does any fee end-up? If markets are not needed by the UK government or by any government that issues its own fiat currency; then why do they not just ignore market activity? How for instance, was the £, during John Major's tenure as PM, plunged into crisis by market activity? If the gold standard is and is to remain the 'barbarous relic' portrayed here, then what on earth are so many governments thinking of in recent years, in their avid stockpiling of the stuff? Why are countries choosing to repatriate their stocks of gold, held, up to now in vaults in London and other trusted Western countries?
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  2.  @andielines  Well no, not quite. According to the BofE website, it makes a profit, only half of which goes back to government. Where does the other half go? Additionally, why would it make any sense to resort to a central bank to borrow money on which interest is charged, when the treasury could print all it needed without incurring any interest? Go figure.
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  3.  @johnburns4017  My question was why do we need the Bank of England? Why does the government not just 'provide' its money itself? The ownership of the BofE is actually moot. On their website it is stated merely that it 'has to answer to' the government. My other questions are well worth investigation. Put bluntly: profit is made and half goes back to the treasury - so who or what gets the other half
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  4.  @downshift4503  The BofE is nowhere declared to be 'owned' fully by the government. Even if it were, why would the treasury need it instead of issuing currency units directly instead of incurring interest charges? What caused the ERM to be removed? Market forces. What caused the downfall of Truss? Market forces.
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  5. jenifer Rachel Reeves will do what the bankers tell her to do.
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