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walterallenhaxton's avatar

Does the British government have funds or financing independant of the British economy?

Asked by walterallenhaxton (591points) | asked 1 month ago | 8 responses | “Great Question” (0points) | Flag as…

It having such resources is the only reason why I think that anyone should believe that that government can support that economy even for a little while.
http://www.telegraph.co.uk/finance/economics/6400738/Pound-rises-after-Chancellor-Alistair-Darling-says-Government-will-support-the-economy-until-recovery-is-established.html

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Answers

DarkScribe's avatar

If it is Government, any funds are a part of the economy. They can arrange loans – but they will also become a part of the economy.

mattbrowne's avatar

Ultimately all the funds come from the people, i.e. the taxpayers.

walterallenhaxton's avatar

@mattbrowne So the government taking money from the more productive members of society and giving it to the less productive ones will rescue Great Britain from it’s economic problems.

As-side. They will also take it through inflation from whoever owns any British money at all.

walterallenhaxton's avatar

@DarkScribe You can take my money and spend it better that I can, which is my full time job, if you are a organization. of people who call themselves a government. Correct????

walterallenhaxton's avatar

@DarkScribe You can only arrange loans of existing resources.

DarkScribe's avatar

@walterallenhaxton DarkScribe You can only arrange loans of existing resources.

A government can arrange a loan – borrow money from anyone who is willing to provide it to them. Private sector, another government etc., with or without security. It often happens. Look at how much the US owes off-shore right now. Look at past British debts.

DarkScribe's avatar

@walterallenhaxton DarkScribe You can take my money and spend it better that I can, which is my full time job, if you are a organization. of people who call themselves a government. Correct????

In this instance I have no idea what your point is. You seem to be suggesting that Governments shouldn’t govern or govern without taxation. Are you advocating anarchy?

mattbrowne's avatar

People elect governments.

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