Oh dear Prem

Let us be clear. The Government can create any amount of money they wish to shape a society which is good for all of us. If that money creation is inflationary, they can remove some of it from the rich through redistribution.

But that extra money the rich have is just saved. Into banks where it’s not used to do anything. Therefore it doesn’t have an effect upon inflation, does it?

That is, you can’t reduce inflation by taxing the rich.

4 thoughts on “Oh dear Prem”

  1. “Government… wish to shape a society which is good for all of us. ”

    I am not entirely happy with the record of government in shaping a society which is good for me. I’d rather they didn’t do that.

  2. Can we all stop with the vermin allegations now?

    John Beverley says:
    October 26 2021 at 9:41 am
    It grates on you that Sikka made it to the Lords for an easy meal ticket and you didn’t..John Mcdonnall is on record as saying it was your request although you no doubt deny it. Maybe you need to go on record to call him a liar ?

    Reply
    Richard Murphy says:
    October 26 2021 at 10:16 am
    I would really rather not be a member of the House of Lords – and walked away from being so when they worked on the idea for several months, or so I was told

    I am not the slightest bit jealous of Prem – sho seems to be doing a great job

  3. “I would really rather not be a member of the House of Lords”
    He must have some trouble getting around in his pokey end terrace with a nose that long.

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