Labour’s Magic Money

The British labour party has a long history of spending money that doesn’t exist.
They did this by borrowing it or taxing the public to excess and I have been thinking how they can avoid this in future. They should start printing a new currency, a bit like bitcoin, that will be limited to a few tens of billions. When they have spent it, they can start printing ‘New Magic Money’ and so on.
There will be nothing as magic as Labour’s magic money.