Comments by "Edward McLaughlin" (@edwardmclaughlin7935) on "The days when managing the economy is all about inflation should be over" video.

  1. Quite apart from the fact that we are asked to look at a chart that is nowhere shown, there is so much muddle-headedness in this talk. We are told that people 'saved' during lockdown - that they simply couldn't spend money. Internet home shopping has been with us for some time now, and it burgeoned during lockdown. We are told that the inflation seen in the last few years happened not because of the creation of new money. Really? Are we seriously supposed to believe that when the state created 400 billion new £, that this had no effect on the buying power of all the money that pre-existed that move? The reality is that all our wealth was diminished, as it always is, when the money printers are run; and this diminution of our wealth stays with us now and into the future. The money in our wages/savings/pensions has not and will not be returned to its former value. Inflation actually consists in that very increase in currency supply. Once introduced its effect stays. Loaves of bread have not gone back to their pre-2020 level, nor has the cost of houses. This video needs a re-run, with that chart.
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  2. MrLph427 Exactly. I think the hope is that we won't realise that until the shackles are firmly locked.
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  3. jango Until it doesn't.
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  4. lightweightben But it is not an either/or situation.
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