Is there any such thing as taxpayer’s money?
As the Independent has reported:
If Cameron can get basic facts on money wrong then of course he can run the economy startlingly badly. And he does not have to go far to find that not all money is taxpayer’s money. Take this House of Commons Library note on quantitative easing as a start point:
Central banks have the ability to ‘create’ money. This happens electronically rather than through the physical printing of extra bank notes.