What are these ‘bond markets’ (ditto for rating agencies) which subvert democratic government other than a deceitful

euphemism for the financial oligarchy which has hijacked governments and regulators and got us into a debt-laden mess? All the government has to do

to finance its requirements is to make the Bank of England create new money and lend at zero or 1%, or spend it directly into the economy. But can

the government do this asked a friend when I mentioned this – of course it can. That is what is there for. Anything less is an abrogation of

sovereignty.

much sturm and drang generated by the Guardian and others on the threat posed to government finances by the flawed and often irrational rating

agencies, and by the supposedly despotic, vengeful and greedy bond markets. [...]

posed to government finances by the flawed and often irrational rating agencies, and by the supposedly despotic, vengeful and greedy bond markets.

[...]