Comments by "" (@foxmoongaze) on "Why doesn’t the Bank of England tell the truth?" video.

It's all just words, and they thinks it sounds better to say "we need taxes so we can spend" than "we need taxes to cancel what's already been spent". In the end it makes no difference to the public, so what's the big deal?
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@blackbulldog4897 Sure, but it's just playing with words, the outcome is no different and they will do the same things in the same way. I would argue that this is not really a lie, it's just not the complete truth/picture. They do have to cancel some previous spending before borrowing and spending more, or confidence in the GBP will plummet.
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@blackbulldog4897 Yes, it's playing with words, and I said nothing about what is and isn't possible, I said however they word it we get the same result. Creating endless £s (inflating) without the resources to match, which is what the UK has been doing , debases the £ and confidence in it's value is lost- I would think that was obvious.
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@garethhumphries4039 If we didn't have a constantly over inflating money supply we would not need inflation targeting taxation. By the way, the currency has already "plummeted" and lost 98%+ of it's purchasing power since the early 1970's due to inflation.
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@blackbulldog4897 People lose confidence in a devaluing currency (over inflated) as it's purchasing power falls. Saving in a fiat currency is a sure way to lose wealth, so the stock market and assets are bought instead as there is little "confidence" holding the currency will maintain wealth - over and out😉
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@garethhumphries4039 Sure, but the money supply has inflated far beyond what's healthy over the last few decades and now the currency itself is a very poor store of value, and medium of exchange, as it's value has been greatly debased. Commodities may be a more difficult medium of exchange, but many have retained more value, some completely.
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