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There Is Only One Simple Way To Eliminate Inflation.
#inflation #money #GoldStandard #BOE #CPI #UK #CostOfLivingCrisis #convertibility #currency #government #BankOfEngland
Video Chapters:
00:00 Introduction
00:57 A couple of announcements
02:29 The inflation debate in the U.K.
03:22 The blame game won't solve the inflation problem
04:49 Bank Restriction Act of 1797
07:41 Bank of England Inflation Calculator proves a gold standard eliminates inflation
09:50 The Gold Standard did not cause the Great Depression
12:10 Market update
15:20 Conclusion
With the Bank of England and its governor in the line of fire for allowing double-digit inflation we thought it would be a good time to look at the only simple and easy way to solve the inflation problem.
We will look back in history and in particular at the Restriction (1797-1821) period and roughly the century after that to show how there is only one way to stop inflation.
Bank Restriction Act 1797: https://en.wikipedia.org/wiki/Bank_Restriction_Act_1797
Bank of England inflation calculator: https://www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator
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