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Edward McLaughlin
Channel 4 News
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Comments by "Edward McLaughlin" (@edwardmclaughlin7935) on "UK inflation hits 30-year high as cost of living crisis deepens" video.
Almost twelve minutes on the subject of inflation, with never a word on its actual root cause. In reality, prices are rising because the buying power of each pound has been reduced by the Bank of England's creation of billions more of them over many years, but rising to an unprecedented rate over the past two years. We are not alone in this. Central banks around the world have been doing this. Channel 4 would do well to approach the subject from this monetary side, and produce another feature so that a fuller appreciation of what is going on can be given to the public. The chances that this will happen are obviously very slim.
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