Are they morons or do they take us for morons?

[gosub]

Stopped listening to R4 any questions today when a government spokesman blamed slump on increase in food and fuel prices. With Uk And Us printing money, what did they think would happen?

 

[Maurice Picarda]

Commodity price rises don't help, do they?

 

[ItWillNeverWork]

Stopped listening to R4 any questions today when a government spokesman blamed slump on increase in food and fuel prices. With Uk And Us printing money, what did they think would happen?

Hasn't most of that new money just stayed the bank vaults though? Aren't food and commodity prices influenced by global factors rather than money supply in the UK/US? I haven't got any solid answers btw; just asking questions.

 

[gosub]

Exchange rate with the dollar stayed pretty flat. We printed proportionately amounts of money to US(though we didn't even do that, it was emoney) unless oil ($quoted)and other tangible like food also increased production price was always going to rise especially food which as well as being finite needs oil to produce and bring to market.
The whole idea was inflate The debts away. If they are using inflation as an excuse about recession this should be flagged next time they talk about QE