The Importance of Savings in War

Theory is that World War I like the Bank of England traditionally the way a nation state would fund a war is you issue a government bond. And so all of a sudden though in World War I no one pledged the money because the English people were like why the fuck would we go hurt people right now? This isn't really like our fight to fight, they say. The Bank of England issued credit and bought it themselves. They created money that didn't actually exist Bought it themselves. What that does is you create money out of thin air increases the supply of the pound which causes serious inflation. All of a sudden as a citizen whether I think it's a moral ethical thing to do for