Corbynomics: A Dystopia

CLAPTON

setmefree2 wrote: »

How do you propose getting all that excess money chasing too few goods back once you've generated too much inflation?

The thing with traditional QE is it can be unwound at any time. People's QE - not possible.

a pound is pound is a pound

the pounds created by printing money to build a house are no different from a pound printed for any other reason.

the money supply can be reduced by the usual BoE mechanisms when required.

the argument that excessive money supply causes inflation is no more or less true for money used building or other purposes
obviously if inflation starts to take off then the BoE will (or should) respond.

Amonju

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setmefree2

Moby wrote: »

We'll see but London is naturally Labour and Khan is a good candidate with a 'good story' about his background. Whereas Zac is a privileged toff, born with the Goldsmith millions to grease his way into politics. That's what we tell people on the doorstep;)

Well if London's so naturally Labour why did people vote for Boris?

Khan is a gutless machine politician. Whereas, Zac is his own person - just like Boris.

setmefree2

CLAPTON wrote: »

a pound is pound is a pound

the pounds created by printing money to build a house are no different from a pound printed for any other reason.

the money supply can be reduced by the usual BoE mechanisms when required.

the argument that excessive money supply causes inflation is no more or less true for money used building or other purposes
obviously if inflation starts to take off then the BoE will (or should) respond.

Well if that's true, why doesn't the EU allow it? Or the USA?

antrobus

Moby wrote: »

We'll see but London is naturally Labour and Khan is a good candidate with a 'good story' about his background. Whereas Zac is a privileged toff, born with the Goldsmith millions to grease his way into politics. That's what we tell people on the doorstep;)

Going off message already?

What is it about Corbyn's "We don't do personal attacks"that you don't understand?:)

Generali

setmefree2 wrote: »

Well if London's so naturally Labour why did people vote for Boris?

Khan is a gutless machine politician. Whereas, Zac is his own person - just like Boris.

And rather like Ken before that. In fact, London hasn't voted for a Labour mayor yet in its modern incarnation.

CLAPTON

setmefree2 wrote: »

Well if that's true, why doesn't the EU allow it? Or the USA?

I don't understand the question.

as far as I know neither the EU nor US stops their central banks from selling bonds and so reducing the money supply

what regulation are you referring to?

setmefree2

CLAPTON wrote: »

I don't understand the question.

as far as I know neither the EU nor US stops their central banks from selling bonds and so reducing the money supply

what regulation are you referring to?

People's QE would be illegal in Europe (that is illegal under EU law, because it risks runaway inflation, debauching the currency, and crashing the economy.)
The only way the UK could do People's QE is if we leave the EU.

CLAPTON

setmefree2 wrote: »

People's QE would be illegal in Europe (that is illegal under EU law, because it risks runaway inflation, debauching the currency, and crashing the economy.)

I don't understand that or what it means

setmefree2

CLAPTON wrote: »

I don't understand that or what it means

Buying the instruments directly from the state is illegal under Article 123 of the Lisbon Treaty. Article 123 forbids central banks from printing money to finance government spending.