Emeritus Prof Christopher May on Nostr: Hmmm.... so the #BankofEngland has spent a lot of time recenctly telling the people ...

Hmmm.... so the #BankofEngland has spent a lot of time recenctly telling the people of Britain that unless its hurting its not working, that they are to blame for #inflation & that their joblessness or debt problems are 'a price worth paying' to squeeze inflation out of the system.

I'm assuming they will be unsurprised that people's confidence in their abilities has now hit a negative balance.... or perhaps they *are* perplexed by this development, given how out of touch they are.