Video Diary August 2022 Inflation and Interest Rates

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Published on ● Video Link: https://www.youtube.com/watch?v=uNaNs5__O5c



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Video Diary August 2022 Inflation and Interest Rates - I'm a bit fed up with the economics talk in the news and on the radio - and indeed from politicians. It just doesn't seem to be consistent with the economy facts as they stand. I argue that the current inflation is not caused by ordinary people having too much money (which raising interest rates seeks to tackle), but by external shocks like supply-chain problems, Brexit in the UK, and so on. Maybe they are trying to stoke some civil unrest so that steps towards a Universal Basic Income can be introduced as a 'solution' to the issues?

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