How the Cost of Money differs between HMG, Home Buyers and Personal Borrowers

It’s nice not to be alone in one’s thinking!

Here’s another “Chart of the Week” produced by Grep Opie of the Economic Research Council. It educates and demystifies ‘interest rates’ a little. If you click on the chart you get to the original posting with explanations.

They miss the crucial questions:

  • why should HMG borrow?
  • who doesn’t HMG create interest-free Cash electronically?
  • since banks can create Credit from thin air and charge interest, why have successive governments allowed that to happen more and more?

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