http://www.businessinsider.com/three-reasons-why-the-uk-cant-inflate-or-print-its-way-out-debt-2011-5
Much of the government's spending is actually linked to inflation. That means as inflation rises, when the central bank prints more and more cash, so do payouts for pensions and benefits, according to Baker and Sleeman. Their calculations suggest 32% of UK government spending is linked to inflation.
Much of the government's spending is actually linked to inflation. That means as inflation rises, when the central bank prints more and more cash, so do payouts for pensions and benefits, according to Baker and Sleeman. Their calculations suggest 32% of UK government spending is linked to inflation.
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