1/4
It really annoys me, how nearly every G7 central bank chief thinks that consumer price inflation is transitory and pricing will restore once supply chains resolve.
Really?
When is the last time a business *lowered* a price you were already paying?
It really annoys me, how nearly every G7 central bank chief thinks that consumer price inflation is transitory and pricing will restore once supply chains resolve.
Really?
When is the last time a business *lowered* a price you were already paying?
2/4
If a business had customers at a higher price, they won't lower it even if their costs go down.
Our financial policy is made by people who don't even remember what it is like to operate in the real world any more.
If a business had customers at a higher price, they won't lower it even if their costs go down.
Our financial policy is made by people who don't even remember what it is like to operate in the real world any more.
3/4
Its political games and ivory tower policy that is playing with the livelihood of everyday people.
Their decisions impact our mortgages. They impact the cost to put food on your families tables or the ever rising cost of that first home.
Its political games and ivory tower policy that is playing with the livelihood of everyday people.
Their decisions impact our mortgages. They impact the cost to put food on your families tables or the ever rising cost of that first home.
4/4
People need democratic control over apolitical financial policy.
If the system doesn't accommodate for that, then they can't be shocked when we push for things like DeFi.
People need democratic control over apolitical financial policy.
If the system doesn't accommodate for that, then they can't be shocked when we push for things like DeFi.
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