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Edward McLaughlin
Richard J Murphy
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Comments by "Edward McLaughlin" (@edwardmclaughlin7935) on "Inflation always goes away" video.
Every time the term 'inflation' is used here, what is actually being referred to is a rise in the price of things. Why is the phenomenon of monetary inflation totally left out of this account? Our current bout of state-sponsored extortion has in the main been due to the fact that the pool of our currency has been drastically diluted, weakened in its buying power by the hundreds of billions of promissory pound notes newly injected into the system, chasing pretty much the same amount of goods and services. The general sentiment of this video is of the 'calm down and put the kettle on' variety. All things must pass, fair enough; but what we are now being subjected to is of such huge proportion that it will damage so many in the process; and who is to say what the people who did this might have made ready to unleash on the populace?
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@oneoflokis I agree. It's just I think it's not good to slag-off the profit motive per se. Without that we starve.
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mark In our benighted case, the Bank of England. Remember, 'if it isn't hurting, it isn't working.'? Different decade, same psychopaths.
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@demandbetterworld You want businesses that don't make a profit, yes?
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