Yes .. the curiously British class-based mythical definition of inflation .. Archived Message Posted by Shyaku on July 29, 2022, 7:04 pm, in reply to "Re: Who is the really awful, inarticulate woman in this video?" A pay raise is only inflationary if more money is printed to fund the pay raise. The latter is clasically inflation of the money supply. Last time I checked, only governments and central banks had the power to fund things by increasing the money supply. The curiously British interpretation of inflation as a “wage-price spiral” is just a hoax: If a company raises prices, distributes the profit to its employees and investors, and its employees/investors spend the extra profit, this is a redistribution from the customer to the employees and/or investors and not ‘inflation’ provided the overall money supply is not increased - and money supply is not increased. Redistribution is a not inflationary. The most likely effect of a price increase is therefore not inflation, it is reduced demand for the product as fewer people can afford it with the same volume of money in the economy. This is the famous self-correcting market. Sure, the government can print money to subsidize the purchase of the product, but ONLY they can do this, and this is the ONLY way the price rise can be inflationary: Namely if the money supply is inflated also. Similarly, if the process starts with the workforce demanding and getting a wage raise, then this either squeezes profit or the company raises prices. Again this is simply a redistribution in a zero-sum game, NOT inflation. Again, the ONLY way this can be inflationary is if more money is printed to cover the wage raise. Which only governments and central banks can do. Actual inflation is where governments and central banks create more money, for example if they desire to fund things beyond their income. ONLY governments and central banks have the money-printing prerogative for funding stuff, and therefore ONLY governments and central banks are responsible for inflation!! EVERYONE else (e.g. Workers) only have the power to try to redistribute wealth in a zero-sum game, and no more. That is the power of British propaganda!! - Shyaku Message Thread: Who is the really awful, inarticulate woman in this video? - Morrissey July 28, 2022, 8:20 am Ann Widdecombe. Gawd! Ruined my day, that. nm - Der July 28, 2022, 9:02 am Thanks. She's exactly like another awful English Ann.... - Morrissey July 28, 2022, 10:54 am I reckon deep down you've got a soft spot for anyone named Ann. Applebaum being your favourite. nm - Der July 29, 2022, 3:02 am Princess Anne. I quite like her. Her awful husband Mark Phillips fathered a child in New Zealand - Morrissey July 29, 2022, 8:00 am Re: Who is the really awful, inarticulate woman in this video? - Ken Waldron July 28, 2022, 10:59 am Yes .. the curiously British class-based mythical definition of inflation .. - Shyaku July 29, 2022, 7:04 pm Re: Yes .. the curiously British class-based mythical definition of inflation .. - Ken Waldron July 29, 2022, 8:04 pm For your amusement... - Ken Waldron July 30, 2022, 3:39 pm   Searching