General statistics
List of Youtube channels
Youtube commenter search
Distinguished comments
About
Maria
Richard J Murphy
comments
Comments by "Maria" (@maria8809ttt) on "The UK’s suffering from top-down political thinking. Do we need to go bottom-up instead?" video.
Radcliffe Report. That was the remedy that worked for austerity. State capitalism.
2
Austerity. These deflationary policies were designed to restrict economic activity and reduce price levels, and that is exactly what they did. Thus began the worldwide Great Depression. The onset of the contraction led to the end of the stockmarket boom and the crash in late October 1929. History repeating. The policies on monatery policy that came from the Radcliffe Report rejected austerity and worked until austerity measures were brought back by Freeman etc to protect the elite. We are heading back to the 1920s.
2
Maybe it should be explained that when using the mordern money system (Perminent Fiat), just printing money for the rich will only bring inflation. The way currency creation is deployed matters or inflation will occur. Private sector banks creating new money for interest exstraction will cause inflation especially at the levels created nowadays. New money should only be used for social spending on the public good projects. That creation doesn't produce inflation. The wealthy don't understand this criteria is built into the modern monetary system. https://youtu.be/BOK0ykU_WR0?si=fSu9jrHKLBeEnBfk
1
Also, not taxing the top of the production chain where unutilized currency pools, will also add to inflation levels.
1