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Clearly, this will be no different from what would happen if the pre-angel economy increased its money supply in the same proportion; once the slack in the world economy has been taken up, further expansion will lead to inflation.
Last year China, for example, with a money supply almost as big as ours, increased its money supply 20%.
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In a presentation to the local council the hospital argued it needed to increase its money from private patients – at present £1.5m – because of large profit margins of 20% and "within 25 miles of [the trust's] James Cook University hospital, there are seven facilities offering private health services, in addition to other NHS hospitals".
In the ideal world of a smoothly growing economy, the SNB could gradually increase its money supply through transfers (with all the problems this entails).
As the Standard & Poor's 500 dropped 38.5% by the end of 2008, the fund increased its investors' money tenfold.
Kramer said the Los Angeles tournament applied for Championship Series status, the equivalent of the Super Series, and increased its prize money to more than $1 million, but the ATP's tournament application committee turned it down.
The squeeze on disposable incomes means shoppers are scouring the high street for the best deals with Ocado admitting it had increased its investment in money off vouchers to £5.5m to win custom.
Because of that extra money, it increased its earnings forecast for all of 2012 to $4.15 to $4.35 a share from its previous guidance of $4.05 to $4.25 a share.
It is adding professors to raise its faculty-student ratio and trying to bring in academic stars who will increase its research money.
And even if the supply of money were increased, its velocity of circulation might fall, leaving spending unaffected.
Google executives said in January that the site, which has perennially lost money, had increased its revenue, and that ad space on YouTube's home pages for 20 countries was sold out every day toward the end of 2009.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com