To wonder why the economy, and people are struggling financially when the government could just.. ‘print’ more money to plow into it.

[RisenWhine]

I just find it absolutely bizarre that businesses, NHS, education, benefits, taxpayers struggle so hard when money is literally a man made concept that we print and just ‘decide’ how much to have? Just ‘print’ more, if we created money and let’s be honest it’s just numbers, numbers are infinite.. put more into the NHS.. put more into education..

There is absolutely no reason anyone should have to struggle with money at it just baffles me that the UK is the way that it is because of some shite we made up 🤣

Let me guess, is it the illuminati?

Socialism and communism are moralistic standpoints.
The value of footballers lies in many things, they create wealth, distract the masses and occasionally allow outlet for the sublimated frustrations people have within their groups.
That it allows opportunities for stratospheric advancement for working class boys (and girls now) is an added interest.

placemarking to read thread later! Love threads like this.

What do you mean by this?

This will be another example to my kids on why they should work hard at school

Working hard at school will soon be labelled discriminatory.

I think that’s called communism and it’s never ended well unfortunately.

@theunbreakablecleopatrajones
It's not surprising this has happened, given the speed of change, but it needs to be addressed urgently

How should Elon Musk’d power be addressed?

Germany - 1923. That will tell you why you can’t just “print more money”.

It was a continuation of my example of 50 people on a desert island.

But basically, in every communist society there have always been the leaders that hoard wealth at the top. Look at Ceaușescu in Romania, Mao in China, Lenin and Stalin in the Soviet Union. They all lived in luxurious palaces with the best of everything while the ordinary people suffered and starved.

Double post

I don't think she's taking the piss. There are millions just like her, which is why Reform have invested heavily in Tik Tok. At least she doesn't vote.

Most of my kids are grown anyway. Just one left still in education.

I did tell them to study hard at school and then at uni.

This is a helpful link.

I've pondered things like this before.

Economics isn't a subject which most people study so I'm not sure why there are so many scathing posts on this thread!

It would be good if the basics were covered in school, along with the kind of maths that can be applied to things such as pensions, mortgages, credit cards etc that would be of actual use in later life!

Ah okay. Thanks. I understand now

I liked it. 1950's film, toffs and servants marooned on a desert island, a good poke at the British class system. Some people might be enraged, some people always are.

Zimbabwe did this and notes reached 100 trillion dollars! Prices would literally change throughout the day and people would rush out to buy things.

Hyperinflation never works.

This thread demonstrates why basic Economics needs to be taught in schools. A number of posters clearly do not understand the basics of supply and demand, nor that we live in a globally connected consumerism economy.

We all want stuff - phones, clothes, toys, food (just look at the sales of all the UPF shite), coffees, plastic etc. If it’s not Christmas with Christmas box pjs and elf on a shelf stuff, it’s Halloween and it’s chocolates and decorations or it’s Easter. We just can’t stop ourselves spending on tat as we want to keep up with the neighbours or some instagram influencer’s life.

We have uncontrolled consumerism desires but getting the government to simply print more money is not going to solve our issues, including the huge state sector we have in the UK.

🤦‍♀️

Also Terry Pratchett's Discworld novel, Making Money, if you enjoy a satirical take.

Hugely driving up inflation (not great for swap rates) which then combined with the mini budget hugely destabilised the mortgage market which is why everyone’s rates have rocketed and the market is still v volatile

which is going to persist because if you look at that cpr curve, things are going down a smidge but then are going tick up again and a bunch of people now how mortgages taking up a much larger portion of their income to the point it might not be affordable anymore. People say the bank stress tested the mortgage but forget that if you took a 5 yr, it’s only stressed by the 5 yr pay rate

After the collapse of the Soviet Union, literal bricks became more reliable currency in some areas than the ruble.

money is a token that represents supply and demand. Maintaining its value depends on people having faith that it will continue to be useful for trading in the future.

And has it worked well in your opinion?

We are commenting not because it’s a novel concept but because it doesn’t work.

I think greed & corruption has a lot to do. This causes a lot of inequality, and poverty.

I was reading this morning that he Tate Gallery workers are about to go on strike because they are paid an absolute pittance. Then you have Maria Balsham, the director of the Tate, earning almost quarter of a million pounds a year. Does she really need to earn that amount of money?

Then reportedly, the Tate lost millions of pounds last year. This will be tax payers money as well. So where is the accountability?