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It s economically illiterate to say taxpayers fund government spending

It s economically illiterate to say taxpayers fund government spending
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United kingdomCity ofAndrewm fraserLeah gunn barrettAudit departments actEdinburgh fringeAlex salmondAyes have itUnited kingdom government

Government Bonds Owned By The Bank Of England Are Not A Debt Burden, Even When They re Repaid

Government Bonds Owned By The Bank Of England Are Not A Debt Burden, Even When They re Repaid Please share this article - Go to very top of page, right hand side, for social media buttons. I received this email very recently, and share it with the author’s permission: Hi Richard, Hope you re well. After reading some of your articles and watching one of your videos, I m left with a question that I hoped you could answer. The Bank of England holds lots of government debt. What happens when the bonds they hold mature? Doesn t the treasury need to pay the bank?

United kingdomRichard murphySheffield university management schoolUniversity of londonCopenhagen business schoolAnglia ruskin university global sustainability instituteTax research united kingdomTax research unitedAudit departments actTax reseach united kingdomCreative commons attribution noncommercialSheffield university managementAnglia ruskin university global sustainabilityCopenhagen businessFair tax markFair tax

Why the Government Bonds Owned by the Bank of England Are Not a Debt Burden, Even When They re Tepaid

Yves here. While I wish I had some Easter programming, a mini tutorial will do. It would have been helpful for Richard Murphy to have also deployed the usual bookkeeping T accounts, since some find those visuals to clarify the money flows, but I trust this explanation of (fiat issuer) government bonds held by central banks works on a stand-alone basis. By Richard Murphy, a chartered accountant and a political economist. He has been described by the Guardian newspaper as an “anti-poverty campaigner and tax expert”. He is Professor of Practice in International Political Economy at City University, London and Director of Tax Research UK. He is a non-executive director of Cambridge Econometrics. He is a member of the Progressive Economy Forum. Originally published at Tax Research UK

United kingdomCity ofRichard murphyProgressive economy forumTax research united kingdomInternational political economy at city universityInternational political economyCity universityTax research unitedProgressive economyAudit departments actஒன்றுபட்டது கிஂக்டம்நகரம் ஆஃப்ரிச்சர்ட் மர்பிப்ரோக்ரெஸிவ் பொருளாதாரம் மன்றம்வரி ஆராய்ச்சி ஒன்றுபட்டது கிஂக்டம்