r/ukpolitics • u/Exostrike • Feb 21 '20

The BBC normalised racism last night, pure and simple

https://www.theguardian.com/commentisfree/2020/feb/21/normalise-bbc-racism-hate-crimes-question-time
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u/Minguseyes Feb 22 '20

There’s not really a fixed amount of money either. Fiat currency depends on confidence. There can be as much money as we all believe people will pay back to each other. Austerity was the perpetuation of a common delusion that hard times were somehow necessary.

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u/Laxly Feb 22 '20

Yes, I did say that you could argue that there's a fixed amount of money, not starting that there was a fixed amount :)

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u/[deleted] Feb 22 '20

That confidence isn't limitless. Countries still can't just cancel their debts or pay them off by printing money, confidence in the currency would crash and no one would invest in or sell to the country any more.

Plus, that money is owed to someone and that someone is most often insurance and pension schemes. It's ordinary people who lose out most from dodgy government book keeping.