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>So you want to blame a Prime Minister who came to power in 1979 She was the opposition leader from 1975 and was using monetarist arguments to "fix" a problem

>So you want to blame a Prime Minister who came to power in 1979 She was the opposition leader from 1975 and was using monetarist arguments to "fix" a problem that was purely geopolitical (Oil crisis). Would you be fine with extremist parties today suggesting the inflation due to the War in Ukraine being due to bad management(and not the war)? That's what Thatcher did. >You can also see that during the Blair years, house building declines at an even more rapid rate than during the previous Conservative government. The entire point of Blair is that he was a Thatcherite through and through on economics. The "Third Way" is Thatcher economics with "social justice" slapped on top.

sparkie 2y ago
Inflation is not due to the war in Ukraine, but is due to bad management of COVID and excessive money creation. It may be exacerbated by the war, but that is certainly not the cause. The same is of course true for the 1970s because we know what happened in 1971. We can't really blame Labour or Conservative governments for that, as it came from the US. Easy money -> weak economy. https://wtfhappenedin1971.com/ https://wtfhappenedin1971.com/ How to cure inflation: https://www.freetochoosenetwork.org/programs/free_to_choose/index_80.php?id=how_to_cure_inflation https://www.freetochoosenetwork.org/programs/free_to_choose/...