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Powerful Lords committee damns Bank of England over inflation forecasts (www.theguardian.com)

submitted 11 months ago by [email protected] to c/[email protected]

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Report says lack of ‘intellectual diversity’ at senior level and too wide a range of priorities led to errors and fall in public confidence

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[–] [email protected] 9 points 11 months ago* (last edited 11 months ago) (9 children)

Why aren't people taking a closer look at Japan? Their inflation rate is down 929% from last year, without adjusting the cash rate.

Why is it that the EU, UK, Canada, NZ, USA and Australia all keep trying to reach the same goal of suppressing demand until unemployment is high enough for prices to fall. It's insane.

What I was basing my observation on: https://theconversation.com/japan-has-gone-its-own-way-on-fighting-inflation-can-nz-learn-from-a-global-outlier-210618

[–] [email protected] 1 points 11 months ago (1 children)

Link explaining the Japanese policy?

[–] [email protected] 3 points 11 months ago* (last edited 11 months ago)

https://theconversation.com/japan-has-gone-its-own-way-on-fighting-inflation-can-nz-learn-from-a-global-outlier-210618

And

https://foreignpolicy.com/2023/09/14/japan-economy-neoliberalism-east-asia-washington-consensus-imf/

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