Showing posts with label undated. Show all posts
Showing posts with label undated. Show all posts

Monday, 29 June 2009

A quantitative easing alternative

The government has finally caught on. Despite the swish graphics on BBC and ITN News, no-one understands quantitative easing. Ex nihilo, deposit multiplication - nope, it means nothing.

So instead, the clever people at the Royal Mint have made 20p coins actually worth £50. How did they do this? Well, tens of thousands of 20ps have entered circulation with no date on them. They've instantly become a collector's item.