
Originally Posted by
Gandalf
I think you kind of prove my point on inflation too. The stock market has risen massively as have property prices, the inflation has been in things ordinary people cannot compete with. A mortgage today is how many times more than income? Where is the stock market? That's massive inflation. The ordinary person cannot compete and generally companies do not provide pensions anymore and people are mostly spending for today. A lack of common sense there too, but the printed money goes to the elite first of all and at rates nobody else can have. The inflation for ordinary things did not occur because wages etc have been kept down and the money was kept away from ordinary society.
The stock market is not the economy. It's a small number of people betting on speculative assets. Has no bearing on prices in the real economy.
The housing market is the way it is due to Britain having the most restrictive planning regulations of any major economy. It's supply and demand causing house price rises, nothing to do with printing money or any kind of monetary or fiscal policy that central banks or governments have engaged in.
Ten years you've been an instant expert on finance and economics and you're still repeating the same obvious nonsense you were ten years ago.
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