The State Must Regulate the Supply of Money

The constitution should mandate the regulation of the supply of money in the UK.

Currently money (cash) is minted and supplied through the Bank of England which lends to private banks and therefore ultimately sets interest rates and influences the rate of inflation.

it is right that this activity is regulated by the state.

(This does not prevent the Bank of England setting interest rates independantlly of the Government: it just requires that the Bank of England be regulated)

 

No comments yet, be the first to post one!
Share