Most probably. Truth is that nobody yet knows how quantitative easing will eventually be resolved. Nobody who's engaged in it has yet faced up to its inevitable consequences. Long-term economic stagnation, with the wages of those at the bottom constrained the most, seems the most likely outcome until those consequences are faced up to.
Im still surprised the North East voted against 'independence' when it was offered to the region in the New Labour era. I really thought theyd go for it.
New money is created, but it does not represent additional wealth. At some point, the money needs either to be destroyed or devalued, or the extra wealth needs to come along to be represented by it.
I genuinely think it needs more threads on the many different sub areas of discussion.On a practical note, maybe merge some of these threads. There seem to be more of them than we have bloody immigrants! .
Yes. Or a formal overnight devaluation.
There's an odd group of people i've noticed this last week as well - supporters of scottish independence opposed to a leave vote because it would break up the UK.
Well yes, and that devaluation, if it continues long-term, is itself an inflationary pressure. But there are also anti-inflationary pressures that come from a reluctance to borrow - hence the stagnation. 'formal devaluation' wasn't quite right, sorry - by that I meant actions carried out by the BoE specifically to bring about devaluation, which can take place within a listing exchange rate system.
So what?
Seriously - what is the point? Years and years of the same voices here, sneering at the middle class, the liberals etc etc.
Not saying that there aren't those that deserve it but just imagine if someone came here and said the same thing about the working class day in day out.
How divisive some people are
