Comments by "Edward McLaughlin" (@edwardmclaughlin7935) on "" video.

  1. The UK may not be a failed state, but it is nearer to failure than it is to prosperity. The government is not 'broadly popular', it is regarded increasingly as a remote and unrepresentative gathering of ideologues, intent on playing-out their scheme on a dispensable public. It actually does matter how much currency is imagined into existence.  Just as the number of new £££s cannot be zero per year, so too it cannot be, say 50 trillions - either extreme would bring catastrophe. A healthy economy would be supplied with the optimum amount of fresh currency that would be utilised to secure increased production. This is not what is happening in the UK. Each newly created £ is diluting all those already in existence. When this dilution is being done on the scale we are experiencing, the effect is to debase the wages/pensions/savings of all UK citizens. None of these negative effects are considered in Mr Murphy's account.
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