It's a mystery how writing about such an interesting theme can be so dry and witless. Good lord, it's like eating cardboard.
Donning my tinfoil hat for a moment, I can only conclude that this is made on purpose so that the vast majority of the public can be manipulated with all the crap we see on TV.
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The BoE document linked in the text: http://www.bankofengland.co.uk/publications/Documents/quarte... ("Money creation in the modern economy")
It's a mystery how writing about such an interesting theme can be so dry and witless. Good lord, it's like eating cardboard.
Donning my tinfoil hat for a moment, I can only conclude that this is made on purpose so that the vast majority of the public can be manipulated with all the crap we see on TV.