@Jeremy_Hunt What do you mean there is no money left? if you understood economics you would realise that the government has endless money provided for by the BoE. Please respond Jeremy?
@jbhearn@ProfSteveKeen I'd be interested for your response @ProfSteveKeen as you both can't be correct. It should be binary, either yes or no as to whether the oil crises caused inflation. That's what I find annoying about economics compared to science and engineering as it seems founded on opinions!
@afneil If the BoE is the only authority who can print pounds, and it is owned by the government, then why does the government need to "borrow" from private institutions to fund spending? Please, can all "economists" respond.
@Rod__Mason I wonder what the 50th percentile wealth of an American is compared to a Britain? a quick Google search indicates the Britain has more wealth.
@robprogressive All incorrect. Taxes don't pay for any government spending. Also, private debt is higher than public debt so please focus your concerns on that as it is much more dangerous. Agree?