This Bank of England thing isn& #39;t a big deal. It& #39;s just overdraft protection for the Treasury for cash management purposes. https://www.bankofengland.co.uk/news/2020/april/hmt-and-boe-announce-temporary-extension-to-ways-and-means-facility">https://www.bankofengland.co.uk/news/2020...
That being said, economically speaking, there& #39;s still no difference between how countries like the US and the UK have financed themselves for years and years vs. what some people call "monetizing" the debt. @StephanieKelton tweeted about this yesterday https://twitter.com/StephanieKelton/status/1247506430418182146">https://twitter.com/Stephanie...
. @dandolfa also had a good thread earlier this year about why "debt monetization" is not a meaningful concept in the US/UK context https://twitter.com/dandolfa/status/1223292302292025345">https://twitter.com/dandolfa/...