3min chapter

Debunking Economics - the podcast cover image

The Bank of England’s totally wrong response

Debunking Economics - the podcast

CHAPTER

The Inverse Effects of Declining Productivity

I see got an email this morning from my energy supply saying our costs are going down. Yeah we're reducing your bill can you imagine? I mean from the asking from the student that's so out of character. Exactly I'm not I block the email address over you. Who are these hoaxes? Nice try but we have an interest rate now of 5% in the UK after the bank of England put interest rates up half a percent last week. In the US they are at 5 and a quarter percent so they got higher quicker. You could argue if you wanted to the interest rates have worked at slowing inflation. I mean the UK just needs to match the US because this worked for the

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