2min chapter

Debunking Economics - the podcast cover image

The Bank of England’s totally wrong response

Debunking Economics - the podcast

CHAPTER

How to Help the Financial Sector Through This Crisis

i think inflation is going to be the default situation for the future you simply have to live with it and the money supply doesn't matter too much then. i noticed in the u.k so the money supply went from 15 trillion to about 21 and a half trillion so actually went up even more than in the U.S. It's been sliding since early 2022 whereas in theU.K we haven't had that because we've had more calls on money as government borrowing to bail out energy costs. Most of it comes down to supply chain issues  as bad as the american manufacturing sector is compared to what it was 40 years ago but still a downside to healthier than the u.

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