News Round-Up
24 April 2024
Britain needs to bring in negative interest rates via digital currency, raise taxes and increase inflation, according to Jeremy Hunt's economic adviser. Why have the Tories turned their backs on prosperity?
Economist and pro-Trump libertarian Javier Milei has secured an unlikely victory in Argentina's presidential election, promising a right-wing overhaul.
Net Zero policies are pushing up inflation and hitting economic growth, a top Bank of England policymaker has warned – though she does not see that as a reason to oppose them.
The Chancellor Jeremy Hunt has admitted for the first time that the massive money printing in the pandemic – more than in the whole previous decade – is behind the current sky-high inflation.
Central bankers around the world claimed the Net Zero transition away from fossil fuels would lower inflation, but new analysis from top financial services firm Nomura has found it is in fact driving it.
A recent poll found far more people blame the war in Ukraine for the cost of living crisis than lockdown. But the data are clear: inflation started as lockdown ended and no impact from the start of the war can be seen.
Dan Hannan has written a blistering column for the Telegraph, deservedly saying "I told you so” about the catastrophic impact of the lockdown policy on the economy, something he warned of in May 2020.
Inflation in Europe is soaring. Germany's rate is the highest in 40 years. The major culprit is the rising cost of energy – a trend which began last year, and has been exacerbated by Russia’s invasion of Ukraine.
A lesser known reason for the high price of gasoline is lack of refining capacity. And restoring that takes time. So even if oil production rises, the price at the pump is unlikely to fall dramatically any time soon.
Contraction of the net energy supply has been driving inflation for years. Printing trillions to pay people to sit at home is throwing fuel on the fire. 'Net Zero' axing of high density hydrocarbons is adding gunpowder.
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