Ste

[Ste @FPLMidget]

@TheBossnME @MartinSLewis Why do you think every supplier prices right at the cap? Before Ofgem set an "approved" price, firms competed to undercut each other. Isn't the real problem that a regulator's price replaced competition?

[Ste @FPLMidget]

@AlainBel1vr5 @PolitlcsUK And they’ll ’rip us off’ even more now because of this. The cost will be passed onto us.

[Ste @FPLMidget]

@Atombssbr @PolitlcsUK Correct

[Ste @FPLMidget]

@Rwhittaker_17 @PolitlcsUK Socialism is great until you run out of other people’s money.

[Ste @FPLMidget]

@BenRamanauskas Typical socialist policy. Purely designed to appease gullible voters thinking the banks are the problem and should be taxed, not realising the government and central bank is the problem and these taxes just get passed on to the people.

[Ste @FPLMidget]

@PolitlcsUK Banks don't pay taxes, people do. A higher surcharge lands on savers, borrowers and pension funds. If bank profits are too high, the cause is the privileges the state gives them: cheap money, bailouts and interest on QE reserves. Remove those instead of taking a bigger cut.

[Ste @FPLMidget]

@ProfHall1955 @5tephen7ownsend @braianchozas As for the above UK inflation was already ~9% in 1973, before the oil embargo, after broad money grew ~25% a year. Germany got the same oil shock with tighter money and stayed in single digits. The UK hit ~24%. Same shock, different money.

[Ste @FPLMidget]

@ProfHall1955 @5tephen7ownsend @braianchozas Sorry sir, I’m not actually a bot. I just wanted to have a separate account for discussing economics with intellectual and reasonable people and came across yourself

[Ste @FPLMidget]

@LizWebsterSBF You can’t put a price on freedom.

[Ste @FPLMidget]

@JT_Livingstone @giacomozucco The toy is just the example. It happens with almost every product where the manufacturer doesn’t want to raise the prices higher so cuts back in other ways, often by scaling down (shrinkflation) or in this case by reducing quality.

[Ste @FPLMidget]

@btc_remnant @giacomozucco Study money and it’ll make more sense.

[Ste @FPLMidget]

@sowelleconomics Communism is the end goal of socialism

[Ste @FPLMidget]

@khrachvik @RockChartrand MCM only completes if consumers freely choose to pay more for C than it cost to make. Most firms fail at exactly that. The real-world rot you're pointing at sits in the M: printed by a state monopoly and handed to the politically connected first. That's the state, not the market

[Ste @FPLMidget]

@davidbrickell80 @ManCity You can agree the rules should be scrutinised but also believe that Man City deserve to be punished harshly for the level of industrial scale cheating. Just because the rules may be poorly written doesn’t act as an excuse to break them and/or avoid full punishment for doing so.

[Ste @FPLMidget]

@GeneralJeevicus @GhostOfCorkey @labourlewis Which of those do you think are a free market?

Private doesn’t mean free and that’s the problem with most of them, not that they’re private.

How would making them public make them better?

[Ste @FPLMidget]

@CallumB75 @labourlewis Do you?

[Ste @FPLMidget]

@labourlewis You can't switch because government never let you. Businesses have had a choice of water retailer since 2017. Why do you think households were kept out of it?

[Ste @FPLMidget]

@DavidPintoD GDP counts government spending at cost, whether or not it produces anything of value. Borrow more, spend more, and GDP goes up. With borrowing costs rising, some of this "growth" is tomorrow's tax bill showing up early. A higher number isn't proof that a policy is working.

[Ste @FPLMidget]

@GayTory And borrowing

[Ste @FPLMidget]

@malcolm_reavell What’s stupid about it?