Comments by "Edward McLaughlin" (@edwardmclaughlin7935) on "Economics Help"
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Conservatives doing what has become their reason for being, since John Major's declaration that "If it isn't hurting, it isn't working." The even worse part is that, when the Conservatives are kicked-out of office, they will be replaced by another party which will do nothing to alleviate our problems, and will in all likelihood, just accelerate our downfall.
Just one or two points in the video with which I would take issue. The remarks made that "...inflation is probably least to do with government policy." and "You might point to some of the failings of Bank of England monetary policy, but that's another issue." Well, no actually. Inflation is the increase in currency supply through the 'introduction' of additional units (£ in our case) from thin air. None of this can be done without the full consent of both the government and the BofE. Their actions are the fundamental cause of inflation and very clearly not 'another issue'.
Government 'support' during covid was not understandable at all. The closing-down of society and the separation put between small/medium businesses and their customers was known at the time to be ineffective in 'the war against' what was also know at the time to be a middle-ranking corona virus that posed a threat to very few.
"Despite the cost of living crisis, rents rose over 6% last year..." Surely the fact that such a rise has taken place, is not 'despite' the cost of living crisis - for many it is a major factor of that crisis?
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