"- banks do not act simply as intermediaries, lending out deposits that savers place with them, and nor do they ‘multiply up’ central bank money to create new loans and deposits."
There's a huge amount wrong with our current monetary system but giving even more power to central banks to intervene in our lives is not the right answer.
Monetary socialism of this kind was a factor in getting us into this mess. It would be good to have a market solution.
Monetary policy has become, as Hayek wrote, “a grave menace to society”. It is a pervasive and poorly understood menace which affects everyone, globally.
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🚷A two-tier society is back: Covid-status certification will be “encouraged”
🤝Govt must not restrict basic freedoms only to restore them to some
🐇We are so far down the rabbit hole, we have forgotten we fell in
📉This is not about nightclubs: there is no limit to where Covid-status certification can be used
🗽Our civil liberties are not a stick to beat those who can’t be, or choose not to be, vaccinated
% of over 50s not vaccinated by ethnicity: White 6%, South Asian 15%, Black 31%
👉Let us be clear: this is extraordinary
🚫We never accepted ID cards yet any business can now demand your health status
@BorisJohnson on ID cards "I'll take that card out of my wallet & physically eat it in the presence of whatever emanation of the state demanded I produce it"
⚖️"To every subject of this land, however powerful, I would use Thomas Fuller's words over three hundred years ago, ‘Be ye never so high, the law is above you.’"
@Conservatives will continue to stand behind families, children and the most vulnerable throughout this pandemic
We have invested more than £400 million so far to support remote education, including purchasing 1.3 million laptops and tablets for those most in need
@Conservatives The Government has eliminated barriers to remote learning for our poorest students by working with the country’s leading mobile operators to deliver free internet access...
@Conservatives ...This is on top of the more than 54,000 4G routers that have been delivered to schools and colleges to support families without internet access
The Government’s approach throughout this pandemic has been to support families through a range of measures worth over £280 billion
This has included the furlough scheme, catch up funding for schools, a £500 million Hardship Fund and a £7 billion increase to welfare
The Coronavirus Job Retention Scheme has kept over 9 million people in their jobs and a £500 lump sum support payment can be claimed by people on low incomes who cannot work from home and have lost income as a result of self-isolation in England
Local authorities make these payments; for those in Wycombe, contact @BucksCouncil