ks.234
Half way to Infinity
I you want a reply you’ll have to go over to WigwamIn here. Am hoping for some answers from the MMT experts.
I you want a reply you’ll have to go over to WigwamIn here. Am hoping for some answers from the MMT experts.
Now we’re getting somewhere!
Perhaps you should actually read their posts more carefully as you said you would?If it was the PFM show it would be the MMT wing. In the remainer building. But with a separate annexe for the small ppn of anti EU leftists. Klassik and Le Baron would split their time between the two.
No. Brexit might make the looming economic crisis worse, but it was not the cause. Likewise, monetarism is not the cause, but is only likely to make the current crisis worse.In the USA where my brother lives (California) food prices have risen by 30 % gas and oil by 50% who you gonna blame ?
No Brexit, No right wing politicians .
Fail.
Oooops.
I'm not sure it does. It assumes inflation is caused by the money supply growing faster than output.Monetarism assumes that inflation is caused by too much government spending so seeks to resolve the issue by reducing money supply by raising interest rates in the hope of reducing spending from the non government sector.
Is it that that don't believe in MMT? Or that they haven't made mixed comments about the benefits of EU membership?Perhaps you should actually read their posts more carefully as you said you would?
I'm not sure it does. It assumes inflation is caused by the money supply growing faster than output.
Why are you asking me questions about other members? You know where they live now afterall? What not ask them yourself?Is it that that don't believe in MMT? Or that they haven't made mixed comments about the benefits of EU membership?
Because raising interest rates affects the poorest.12 months and 14 interest rate rises after this question was posed, the subsequent question has to be, why hasn’t it worked?
12 months and 14 interest rate rises after this question was posed, the subsequent question has to be, why hasn’t it worked?
I believed the cost of living crisis was born from the inflation that was born from the supply and demand imbalance of fuel prices that are paid by everyone in heating bills and food prices.
Unfortunately we cannot run delivery trucks and fire up boilers on wind and sunshine
QE did not cause inflationAll underpinned by ultra cheap money. This created nothing more than a mirage for many. As long as they could consume, enabled by serviceable cheap debt, folks were happy. Until the music stopped.
Yes, agreed, but inflation of housing costs has a 50 year history, not just 25. However, it does undoubtedly contribute to inflation. In which case anti inflationary measures should be targeted at those who have profited from house price inflation, not those who have suffered it consequences.I feel that the sudden spike in fuel and food prices was just the straw that broke the camel's back. The underlying problem is the 25 year inflation in housing costs, coupled with wages that were falling in real terms because the UK was becoming less productive relative to its peer economies.
The world is currently behind the curve on that, but I like the optimism.We could.
Regards
Richard