Turkey tried the BOE trick back in 2020.
Its called Ricardian Equivalence.
To my knowledge it's the last magicians trick.
Turkish Lira dropped 50% since then, inflation has not abated( or if so marginally).
Share market went up 30% so a net 20% loss.
Its a sign of capitulation to inflation by causing the anti dote a recession. It just fast tracks it.
Once growth happens again, the English public will be up for increased taxes to pay back the crippling debt ( since 2008 public debt has risen by a factor of 3)
Turkey tried the BOE trick back in 2020.Its called Ricardian...
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