Comments by "Aden Wellsmith" (@adenwellsmith6908) on "Inflation is tumbling this week" video.

Prices still rocketing. The Bank Of England says, please please can we have another go at the 2% target. The target needs to be the price index is the same
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@perkinscrane The rate of inflation is the rate of increase in the price index. So if the index was 100 a year ago and the index is 105 today, then the annual rate of inflation is 5% So if the index is 100 today, the target should be 100. If prices go to 95, or to 105, then the BoE board gets sacked and replaced
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@perkinscrane No I'm serious. The rate of inflation is the annual rate of increase in the price index Here we have an apologist for the BoE saying, prices have rocketed [the bad effect], but let them have another go. It happens repeatedly. So target the bad effect. Change the target from 2% which they never hit to price index. That gives them a hard target and they can't each year reset the clock and have another go.
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@perkinscrane Inflation is not stablity. It's the opposite. The price index of 100 (reset at the start) is stability So why 2%? So on the energy prices. So do we now get deflation in energy prices. Government policy. Printing money is what they did and that was the BoE.
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@perkinscrane ===t has always been accepted doctrine Doctrine. Faith. A book tells you. A guru tells you. It's the word that's come down from above. Why aren't you asking any questions? I'm genuinely curious. Can you explain 2%? Why not 1%, why not minus 2%, Why not zero, or 5%? Or did someone from the BoE go into the desert and a tablet of stone said 2%. I've never seen any one question why 2%? The above explanation is valid in the absence of other explanations.
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