Quote Originally Posted by RandBlade View Post
Quantitative Easing.

Realistically government bonds owed to the BoE under QE are never going to get repaid (no interest is paid either) so one side effect of QE is that while our government debt to GDP ratio is de jure about 90% de facto it is really 67%.
With a serious risk of runaway inflation and/or a declining currency. What you suggest keeps an economy sort of afloat but destroys its monetary standing.

It's a bit of a dead end street that almost automatically rolls through to capital controls and protectionism.