Great Britain

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Printing Money: The Pamphlet

Jul 14, 2009By

Well, we did push for simpler explanations. The Bank of England is creating more money in an effort to increase spending. And Great Britain’s Deputy Governor for Monetary Policy, Charlie Bean, wants to make sure the public understands this process by¬†undertaking a seven-day tour ending on Monday across different parts of England, Scotland and Wales. He is also distributing perhaps the most powerful tool of information dissemination known to man: the pamphlet. The Bank’s pamphlet explains (excuse the bait-and-switch) that no new money will actually be printed. Ouch!

3d rendering of a row of luxury townhouses along a street

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