Protect our pensions petition

BoroMart said:
really, why is that? We've had debt all our life, and it's grown all our life, why do you think any more or any less debt will make an economic apocalypse?

Have you done any research into MMT?
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Now conventional mainstream thinking goes - if you are going to print trillions of £'s, per your suggestion and courtesy of BoE then we are looking at hyperinflation and the subsequent economic meltdown.

You are then going to say - no that wont happen because when prices start to escalate you are going to jack up taxes on the population and all that money that's inflowed and magically things can be stabilised... the tsunami of money wwont wash over us, ...have I got it right?

The population will be calm as prices start to go up and up and then accept big tax rises and we then trust governments to get it just right...

..'A 2019 survey of leading economists by the University of Chicago showed a unanimous rejection of assertions attributed to the theory'
 
BoroMart said:
really, why is that? We've had debt all our life, and it's grown all our life, why do you think any more or any less debt will make an economic apocalypse?

Have you done any research into MMT?
Click to expand...
Yes I just finished Palley and Krugman's accounts of why MMT is wrong strangely enough. Economic policy affects everyone in the country. You can't opt out if it's all going wrong, like stopping going to watch Boro if you don't like the football on offer.
 
Soutra said:
Yes I just finished Palley and Krugman's accounts of why MMT is wrong strangely enough. Economic policy affects everyone in the country. You can't opt out if it's all going wrong, like stopping going to watch Boro if you don't like the football on offer.
Click to expand...
I didn't say anything about opting out, my question was why we will end up with "economic apocalypse", should be an open goal if you've just been reading why it's wrong....
 
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