RE: Pound is down big time, why are the Americans not buying RR24 Sep 2022 12:24
So we'd be better off taxing everyone until the pips squeak?! That certainly won't bring growth. Kwasi has played a blinder. Inflation is not being caused by too much demand but by lack of supply despite what the ridiculous FED are saying. (how can you keep hiking every month without pausing to see if it's having an effect) The USA is already in a recession but Powell will turn it into a depression soon! Boosting the supply side is a no brainer and will bring inflation down. I noticed Larry Summers was quick to criticize as well as the moronic Biden. I think the Democrats are worried that this will work and therefore lend a hand to the Rebuplicans in 2024. Also UK debt to GDP is much lower than USA, France, Italy, Canada, Japan so I think a lot of the criticism is political and the markets are also playing games. My main worry is that they've only 2 years to get the economy fired up properly.