Quote Originally Posted by Mike T View Post
No need to borrow, just print it - this is how we buy houses - the money is created by the bank/building society - it does not come from the savings of the bank's customers - as long as inflation does not "ramp up' - I hate that expression - it is not an issue.
Funny, I thought that Oracle and Graham Breeze's savings in the Halifax on which they gain 0.25% interest gross per annum were what the Halifax lent out to me at 3.25% for my mortgage and the Halifax trousered the 3% as their margin.

If they "just print it" what do they do with the deposits of Oracle and Graham?