From: M Holmes 
Newsgroups: uk.finance
Subject: Re: Bank lending policy
Date: Fri, 20 May 2005 11:17:02 +0000 (UTC)

me@privacy.net  wrote:
> In message , M Holmes 
>  writes

>>If you'd told people then that a Pound would have been worth less than a
>>Penny in 100 years time, they'd have been absolutely astonished.  That
>>onslaught of inflation in the past century has had many destructive
>>effects. The current credit bubble is just the last gasp of those
>>effects.

> How much of this should we put down to just printing money for the sake 
> of it, as opposed to limits on the amount of money imposed by the amount 
> of shiny metal.

I'd be willing to bet Real Money that most of it is down to government
counterfeiting.

FoFP