At long last the government can borrow straight from the Bank of England – as modern monetary theory has always suggested it should

In today’s FT Alphaville was this pure gem: Hidden in last Thursday’s announcement from the Bank of England that it intends to buy another £200bn-worth of mostly government bonds was this line: The MPC will keep under review the case for participating in the primary market. It might sound like dull techno-speak, but the mere possibility of […]

source https://thebtrader.com/2020/03/23/at-long-last-the-government-can-borrow-straight-from-the-bank-of-england-as-modern-monetary-theory-has-always-suggested-it-should/?utm_source=rss&utm_medium=rss&utm_campaign=at-long-last-the-government-can-borrow-straight-from-the-bank-of-england-as-modern-monetary-theory-has-always-suggested-it-should