Money Machine

British inflation beater

As the printers at the Bureau of Engraving and Printing know only too well, one thing more inflation means is more paper money in circulation. To keep up with demand, the bureau last year worked three shifts a day, six days a week, cranking out 4 billion pieces of paper currency. With demand expected to grow at a rate of 5% annually even in the unlikely event that inflation falls to zero, the Government has gone shopping for ways to increase the productivity of its printing operation.

The best solution seems to be to phase out the bureau's old...

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