this post was submitted on 19 Sep 2023
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UK Politics
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Almost like the policy of "money printer go brrrrr" was a bad idea.
Typical gaslighting technic. Vague statements with nothing to back up what you actually mean or any relevance to the topic at hand. The only reason the UK has done quantitative easing is in response to the failed government policies. With this we would have seen pensions wiped out. This is the fault of government not the BOE.
Yeah, what do those Bank of England economists who have said that they printed too much money know about the economy, eh?
Some some context. You are spouting gibberish.
Here's your context: https://news.sky.com/story/bank-of-englands-regrettable-mistakes-fuelled-inflation-its-former-top-economist-says-12955124
No doubt you'll claim he's talking rubbish too.
Not exactly a lot of context is there? First main point would be that this is ~~Murdoch~~ Comcast media who will jump through hoops to throw the blame away from Government. Always look at the bias of the reporter to understand how credible it will be.
Which leads to the linked article : https://news.sky.com/story/coronavirus-bank-of-england-unleashes-further-150bn-of-support-for-economy-12124096
You have latched onto one sentence and want to use this as the reason for inflation for the UK. It is pretty loose. I can see why your first comments were so vague.
There is no value attached to "a bit", neither is there any statistic thrown out as to how much this has affected inflation. The money printing as you like to call it was because of lock down. Which was at the behest of government. So you have taken a government policy issue and exaggerated the statement of "a bit" and decided this is the be all and end all of inflation from a statement made three years previously.
Here is someone who understands economics. . Let me highlight some comments:
As I said always understand the bias of the media.
The writer adds:
It then adds a lot of data to prove his point. So no, I am not stating your are wrong. A whole field of economists are saying that. They also point out the bias of your media link.
EDIT changed Murdoch to Comcast
Your rant falls at the first hurdle, because Murdoch sold Sky News in 2018.
Ironic that you complain about media bias when you're constantly linking to LeftFootForward. Hardly an unbiased source.
I take it from your evasion in the reply that you cannot fault the article I linked that debunks your previous opinion?
True it is now owned by fox news owner comcast. Comcast has some very close links to the GOP, which is also part of the national conservative group. It is still very right wing in bias. Being right wing bias was the pertinent point as the article stated.
There is not a media on earth that does not have a bias. What I said was that you should always remember where the bias is. You can hardly fault me for not posting more from right wing media when they fail with honesty and credibility. My personal bias is left of centre with a strong dislike for the current batch of Tories.