@btc_charlie Operational independence for the BoE would be swiftly removed if they tried that… There’s far too much debt in the economy compared to decades past - we won’t see double digit rates again & policy makers will be forced to ‘choose’ inflation
@MattDrayton_BE@BenGrahamUK Private water companies would have loved to build reservoirs - big assets would inflate their RCV, the long and short of which means they’d take in more money. The regulator didn’t really allow for this, and the focus has been on lowering bills, rather than encouraging new infra
@JamesMaleedy@HolyoakeJ14576@latimermcl@SamCoatesSky Thanks - the second part of your tweet is even better. Going off your suggestion if Herr Stresemann and his successors had simply ‘invested’ the 1000s of trillions of marks being printed into social housing or whatever - there wouldn’t have been any inflation! Magical
@JamesMaleedy@HolyoakeJ14576@latimermcl@SamCoatesSky The Weimar Republic quite literally couldn’t go bankrupt, because it literally borrowed money from itself and created the money that existed in its economy. It was printing notes with denominations in the trillions, but that’s not an issue at all… 🙄