Skippy
And wipe out everyone's savings? You're a complete genius! Are you in fact Gordon Brown?
You misunderstand the role and function of money. Money has no intrinsic value. I could come to power and in a fit of generosity give every adult in the country £10 million. But would this make you rich? No, of course not, it would just stoke inflation, and make a loaf of bread cost £2,000.
But this is what Blair and Brown have already done, over the last 10 years. So you think you have (say) a £10,000 nest egg - but you don't really. Like the gift of £10 million, your nest egg is a meaningless figure based upon zero industrial production, so those squirrelled savings of yours probably have little or no real value.
Check out the business section of the Sunday Times, and see how many sucessful businesses are reporting profits or new products (or reporting anything at all). None. And money based upon no real production is no better than Monopoly money.
This is another reason for the Thames Airport, and other associated infrastructure projects.
We do not need to stimulate general spending, as the government keep saying, because this will go on consumer imports (because we do not make anything) and thus enrich China, not the UK. instead we need to stimulate infrastructure projects and demand that as far as possible the materiel is derived from UK businesses.
Such a stimulus, based upon printed money, would reduce government debt through inflation, and divert money from our present unproductive investments (houses, schools, and yes, even hospitals) and place it into projects that will spur the nation on.
And I have to mention again, that if we divert the £12 billion annual overseas aid budget into infrastructure, we could pay for all of the Thames airport and associates infrastructure in less than five years. Why should we give money to India, who has a space program, when we cannot aford a space program ourselves, in addition to not having a world-class airport near our capital city.
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