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Why 2% inflation?

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Manage episode 515151954 series 3475482
Content provided by Richard Murphy. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Richard Murphy or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Catherine Mann of the Bank of England says inflation will stay above 2%. But what if the problem isn’t inflation but is the target itself?

The 2% rule was invented in the 1990s to please markets, not to help people.

In this video, I explain why our obsession with hitting that number is crushing wages, stalling investment, and protecting the rich at the expense of everyone else.

It's time for an inflation policy that serves people, jobs, and the planet, and not financial markets.

  continue reading

310 episodes

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Why 2% inflation?

Funding the Future

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Manage episode 515151954 series 3475482
Content provided by Richard Murphy. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Richard Murphy or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Catherine Mann of the Bank of England says inflation will stay above 2%. But what if the problem isn’t inflation but is the target itself?

The 2% rule was invented in the 1990s to please markets, not to help people.

In this video, I explain why our obsession with hitting that number is crushing wages, stalling investment, and protecting the rich at the expense of everyone else.

It's time for an inflation policy that serves people, jobs, and the planet, and not financial markets.

  continue reading

310 episodes

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