I am today proposing legislation to Parliament to prohibit quantitative easing without the express consent of democratically elected MPs.
QE is essentially the state printing money, billions and billions, to bail itself out - devaluing all of our earnings and savings in the process.
If you insert vast amounts of new cash into the system, what does that do to existing funds? It all becomes worth less. Inflation, and lots of it.
QE has now become a mainstream tool to avoid the Darwinian reality of capitalism.
I want the state to live within its means, just as the rest of us are forced to do so.
It raises money through tax, it can then spend that money. It should not be permitted to print mountains of cash to fund unaffordable policies - lockdown is the primary example of that.
Let's have a state that is as accountable to its people, as the people are to the state.
โLook at the birds. They donโt plant or harvest or store food in barns, for your heavenly Father feeds them. And arenโt you far more valuable to him than they are?โ
Matthew 6:26