The Peter McCormack Show PMQs #001 - Inflation Is A Crime
Nov 19, 2025
Peter delivers a passionate take on the UK's economic landscape, revealing a 'doom loop' of taxes and inflation. He critiques shallow political debates and highlights the rise of new parties as disillusionment grows. Drawing on historical examples, he explains how inflation transfers wealth from wage earners to asset owners. With a focus on entrepreneurship, Peter warns against taxing the rich and calls for a pro-success environment. He urges young listeners to embrace personal responsibility over socialism and advocates for rebuilding critical thinking in society.
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Inflation As The Hidden Wealth Transfer
- Inflation is the largest hidden transfer of wealth from the poor and middle to the rich.
- Currency debasement inflates assets (houses, shares) faster than wages, enriching asset owners.
Everyday Feeling Versus Statistics
- Peter recounts how everyday life feels worse despite statistics claiming improvements.
- He notes people avoid London at night and feel less safe, reflecting a mood of national decline.
Housing Versus Wage Growth Example
- Peter uses housing and wages numbers to illustrate his point: houses rose ~1,500% while wages ~500%.
- He argues young people can't buy homes because asset inflation outpaced wage growth.
