Turner calls for money printing

Ben Southwood
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PRINTING money should not be taboo, outgoing City watchdog boss Lord Turner said last night, as it can be beneficial in small doses.

The Bank of England currently boosts the money supply through buying gilts, with most economists holding that printing cash instead could lead to hyperinflation like in Zimbabwe or early-1920s Germany.

But departing Financial Services Authority head Lord Turner said the Bank should go beyond quantitative easing (QE) – gilt buying – and actually print money.