The Bank of England: Money Creation in Their Own Words
In March 2014 the world’s oldest central bank, the Bank of England (BoE), did every advocate of sound money a big but unintentional favor by publishing an official introduction to and an official detailed account of unsound money.
Given both the importance of and the lack of publicity regarding these two seminal papers over the past nine years, even here at mises.org, the focus in this piece will be on quoting some of the BoE’s “greatest hits.” (This approach was also taken by this author in 2020 when quoting from the Black Lives Matter website prior to its being scrubbed.)
