Could the Bank of England create money to pay into the economy as a Basic Income?

Could the Bank of England create money to pay into the economy as a Basic Income?

Written by Rachel Oliver on August 12, 2017. In televised debates during the recent general election campaign, several politicians made reference to there being no “magic money tree”. When in fact, there sort of is. This, together with a survey in 2014 that showed that only one in ten MPs know where money comes from, exposes a huge education gap amongst our most powerful elected officials, on one of the most important aspects of our economy: money.

Money is something that is often taken for granted, but in fact how it is created and allocated is a political, cultural and […]

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