I understand the theories of how things work beyond control

What's wrong with letting the inflation just work through the system?

I'm not making a judgement on good or bad

i'm saying what I think will happen

because its important to aim for a target and smooth the curve so people arent completely fcked

I'm pretty sure everyone will agree to "ignore" it

if it costs £12 a pint a milk tomorrow, thats gonna hurt a lot of people

like normal economics would mean that lots of people with more money and supply not stretching, i can't see in this emergency state any price increasing

It isn't going to be like that, Wacka

well thats what extreme inflation is

and once time goes past this, people will just stick with it

But the amount spent isn't going to be sufficient to do that

https://swprs.org/a-swiss-doctor-on-covid-19/
I'd love it if another human being could have the attention span to read this to the end...

so like if we're in t+10 months

and lockdown is removed

Assume they spend 500bn, that's a tiny fraction of the total money supply

and businesses haven't changed anything since the injection

i don't see them doing it then

yeah but its still going to have a significant effect

obviously £12 for a pint of milk is an extreme example

To have 100% inflation for a year would need you to effectively increase the money supply by 10x

for that to happen you need to be in a state where people outside of your country are demanding things

I suspect they'll use the Japanese model - buy back the debt over time and write it off

i don't think we're in that place at all

I think the world is trying to invent it's way out of this

https://www.youtube.com/watch?v=JBB9bA-gXL4

Worth the watch guys

https://www.spectator.co.uk/article/why-is-the-coronavirus-mortality-rate-so-much-lower-in-germany-

feb retail sales figures on thursday... thatll be interesting

interesting, but somewhat meaningless

or I guess marches will be more interesting

How’re they doing court hearings then?

I don't doubt they'll continue to lock up crooks

Most court cases don't have juries here, remember

yeah majority of cases are vid conf anyway apparently

Nah they’re telephone conferences

As far as i can tell, they’re doing public enquiries by video conferencing

Telephone conferences are still happening though

https://www.theneweuropean.co.uk/top-stories/brexiteer-tim-martin-will-not-pay-staff-during-start-of-coronavirus-outbreak-1-6575642

He can furlough them on 80% at least

What a waster