You are reading a single comment by @wibble and its replies.
Click here to read the full conversation.
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported almost exclusively by donations. Please consider donating a small amount regularly.
@wibble
I'm not an economic expert but here goes..
If they indeed are giving people £50 for each wrongly minted 20p coin then you have to ask where that extra money is coming from.
I don't know but if it's not coming from the government then the bank of england could just be creating that extra money which is basically 'quantitative easing' whether on purpose or not.
There's a section in this awesome animation called 'Money As Debt' that explains how 'money' is created:
http://video.google.com/videoplay?docid=-2550156453790090544
Monetary reform FTW