The Bank of England is the British State as much as the Treasury is, and buying your own gilts is like buying your own raffle tickets, it does not bode well for the cause in which the raffle is being held.
Buying an unlimited number of your own gilts is like buying all of your own raffle tickets. How good can the prize possibly be?
You have been outstanding throughout all of this.
ReplyDeleteYou really are too kind.
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