Comments by "boz" (@BOZ_11) on "Why is Rachel Reeves sitting in the loo lying about how the economy works?" video.

@gladius1861 No, you're mixing up fiscal spending with monetary policy. Fiscal spending is good for the masses (public sector spending); monetary policy is how the higher up's make the masses poorer and the rich, richer (they knock interest rates up to increase unemployment, and/or hurt SME's to buy them up cheap). Low rates are generally a boom to the entire economy, the rich included, since they get the lion's share of new credit. The rich hate generous fiscal spending, since that supports the bottom 90% of workers (hence the austerity obsession)
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@garydixon4290 They've been doing it since the end of gold backed currencies.
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@highpath4776 There is no "budget", only political will and inflationary pressures. The Tories hit the largest fiscal deficit in history and there was no inflation, until energy companies price gouged and the BoE sent rates soaring straight after Even low double digit inflation is fine so long as measures are taken to help wages track it, but that requires active management and there isn't the talent for that. You do not build infrastructure with loans, you do it with fiscal spending and civil engineers. Public/private "partnerships" are just politicians lining donor pockets and getting poor value
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Everyone prints money, and everyone prints more than is removed through taxes. Literally every single country in the world does this, and it's called a 'Fiscal deficit'. A weird esoteric term to you. Any time someone raises the third Reich, Venezuela or Argentina to poo-poo money creation, it's a sign they've no clue about economics.
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