Well, no, not really

This is utterly bizarre. What Carney is saying is that if business tries to improve UK productivity, or if it tries to increase employment, or if it tries to deliver growth then he will snub it out. The economic idiocy of making inflation the highest economic priority is apparent again. And remember, the greatest beneficiary of this policy are the best off because low inflation preserves the real value of the debts the wealthiest are owed by the very many who owe them.

Those who really benefit from low inflation are those who own bonds. You know, those bonds which we should all invest in because Spudda’s Green Plan will make us do so?

3 comments on “Well, no, not really

  1. You’re both saying the same thing: Ritchie uses the convoluted phrase “the debts the wealthiest are owed”; you call them what they are: bonds.

    Ritchie doesn’t care about letting inflation rip and making bondholders suffer. His plans amount to a wealth tax on the prudent. He literally wants to rob private-sector pensions in order to pay public-sector pensions.

    (Side note: what’s the distribution of bond-holders by wealth? I assume they’re mainly held by widows & orphans, not by the top 1%?)

  2. His mask just can’t stop slipping. How many contradictions can he conjure up before breakfast. A lying toe rag.

  3. Oh yeah, and those with any sort of savings too. Or are on ‘fixed incomes’. Because even if I’m stuffing my bills in the mattress I shouldn’t be worrying that the government will, at any moment, eat that savings to nothing in order to satisfy the very people Ritchie keeps hoping will give a job, a gun, and the power to use it.

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