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William Clifton's avatar

imo the Bank of England needs to raise interest rates to >15% before inflation and housing prices start to come down so that this massive man-made economic decline can end but the government will also need to cut spending by at least 20% of 2019 spending figures in order to stop the national debt from growing which is forcing the state-owned BoE to print so much money. But I'm not an economist so I don't know if raising interest rates to a high figure and the government cutting spending by a huge amount would help end this massive economic downturn that was largely caused by the government...

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Chris Macfarlane's avatar

One thing I'm surprised no one is talking about in Universal Basic Income. This is not an argument for or against, just simply that it fixes one part of the problem. It seems closer now than ever.

(But almost certainly leads to more inflation.)

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William Clifton's avatar

I think UBI is the end goal of this sky high inflation that is currently being seen across the world right now because with UBI, it is far easier for the government to control people, especially their speech and with the new CBDCs coming out such as Rishi Sunak's "Britcoin" or Xi Jingping's "Digital Yuan", it will further solidify government control over the people. Quite frankly, I don't think the government wants inflation to "go down" and they instead want it to "go up" hence their massive spending sprees across the globe...

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