Again, Corbynomics is superior to the idiocies and tyrannies of austerity, but its not a complete or actually workable solution.

Inflation will occur. Why? Because it can, and because there are no mechanisms implemented at the correct place and Time that can not only compensate for that inflation….but create price deflation…and yet preserve profit making entities and systems as well.

Hyperinflation will likely not occur because it requires a compliant central bank in league with speculators, but 4-5% inflation which for the individual is probably actually double that is a prescription for the rapid erosion of purchasing power and profits that will have businesses squawking, angry constituencies blaming liberals and regressive forces taking advantage and saying “I told you so.”

Corbynomics/MMT is Social Credit for government. It’s not QE for the people, or raining money on Main Street. Its raining money on 10 Downing Street and Parliament. It is disingenuous. It has half @ssed reach and half @ssed monetary and economic mechanisms.

Kill the messenger and revile the fool on the hill, but we need to do the adult, responsible, freeing, comprehensive and wise thing.

Poster: But the government can use the credit to do a national dividend.

Me:  Yes they can. And a discount mechanism as well. But with the short term uptick in the economy that long term wisdom is likely to be invalidated as unnecessary and further inflationary…..so NOW is the time to begin the process of integrating Public Banking and Social Credit in a mass movement to create the truly workable, free, comprehensive and actual solution.