Re: Asleep at the wheel Archived Message Posted by Ken Waldron on August 28, 2023, 8:39 pm, in reply to "Asleep at the wheel" "Working from a series of wrong assumptions – that rising prices are always the result of too much currency, that increased interest rates are the best way of reducing prices, and that only when we see increased unemployment can we be sure that inflation is under control – the Bank of England Monetary Policy Committee have already done to the UK economy what that iceberg did to the Titanic 111 years ago… and like the doomed ship, it will be some time – during which large numbers will go under or freeze to death – before the vessel finally sinks." That's the rub. The "diagnosis" which dictates interest rate hikes as a "cure" is not based on sound (or indeed any) evidence. its exactly the same as listening to "Ukraine is winning" cheerleaders in that neither now appear to understand the difference between what is true and what is desired to be true. Add the gender mob in and we see that subjective judgement now dictates Government economic policy, foreign policy and social policy: in other words it has reached epidemic proportions. Objectivity and evidence are just so...passe. Message Thread: Asleep at the wheel - Keith-264 August 28, 2023, 8:25 am Good read. Thanks nm - t August 28, 2023, 10:54 am Re: Asleep at the wheel - Ken Waldron August 28, 2023, 8:39 pm   Searching