The economics of magic money: how real is the stock market surge?

<div>Has the government found the magic money tree? It certainly seems like it when the furlough scheme and various other Covid measures have taken government debt to above £2 trillion. The crazy amount of spending has been kept afloat by quantitative easing, the Bank of England’s policy of choice since the financial crisis. Some have called this ‘money-printing’ and warned of a reckoning, yet none has come. So what does this new financial environment mean for investors, savers, and the less well off? Fraser Nelson talks to a panel of special guests in this podcast, sponsored by Charles Stanley.<br><br>With Harriett Baldwin, Conservative MP who sits on the Treasury Select Committee; David Miles, an economist at Imperial College London, formerly a member of the Monetary Policy Committee; and Paul Abberley, CEO of Charles Stanley.</div> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>