
#84 Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1)
The MMT Podcast with Patricia Pino & Christian Reilly
Historical Evolution of the Bank of England and Exchequer
This chapter explores the historical background of the Bank of England and the UK Exchequer, tracing their origins back to the Anglo-Norman period and detailing the evolution of monetary systems through the centuries. It discusses the relationship between the Bank of England and the Exchequer, the nationalisation of the Bank in 1946, and the concept of the consolidated fund as the source of money in the UK.
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