Quote:
Originally Posted by Boeing Guy
The Government print money, in England anyway we will leave Scotland out of this, they used to have the Gold Standard, this meant that you could take your £10.00 note to the old lady of Threadneedle St and exchange it for £10 value of Gold. Of course we don't have the gold standard now so the value of money is down to trust, I trust the shopkeeper I can spend it and he trusts the bank he can bank it etc, if we lose trust then a economy collapses.
Here ends the beginners guide to the Money in the UK.
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My 10 year old asked me as imple question I could not answer yesterday.
"If the Government have no money why don't they just print some more"
Its not my area of expertise, I just hit machines with hammers and if that does not fix it I get out the laptop and hit it with that.