Quote Originally Posted by Muddy Retriever View Post
Out of interest, where has printing money to fiance spending (as opposed to QE) been tried and worked and not ended up causing inflation?
From Ann Pettifor's "The production of Money" - pages 16 -22: ...a loan to AIG of $85 billion ...it was transferred in just an instant after all 11 numbers had been tapped into the computer ... It is what banks do every day ... the spending is created out of thin air ... savings do not fund ... if well managed, there need never be a shortage of money for society's most urgent projects.

Peston, in WTF, calls QE creating money, just to show that some economists think that way - the sum? £535 billion in 2009 - yes, billion.

I would strongly recommend Pettifor's book.