Re:The strange case of Britain’s demise
by mike_hearn on Sunday December 18, 2022 @04:45PM
(#34043881)
"Brexit sounded great to people with no clue about how economies work. Now they are dealing with inflation"
As is pointed out in every single one of these threads, inflation in the UK is no different to inflation in the rest of Europe. Like elsewhere, it's created by money printing to pay for lockdowns and other COVID measures, along with embargoes against Russia.
It's really quite impressive how often this claim about inflation and Brexit comes up on HN, despite it being so easily disproven by looking at the numbers. It seems to happen on literally every single thread about the UK. The idea that Remainer-ism is a bastion of economic logic and common sense doesn't fit with the frequency with which bad economic claims in support of EU membership are made.
As is pointed out in every single one of these threads, inflation in the UK is no different to inflation in the rest of Europe. Like elsewhere, it's created by money printing to pay for lockdowns and other COVID measures, along with embargoes against Russia.
It's really quite impressive how often this claim about inflation and Brexit comes up on HN, despite it being so easily disproven by looking at the numbers. It seems to happen on literally every single thread about the UK. The idea that Remainer-ism is a bastion of economic logic and common sense doesn't fit with the frequency with which bad economic claims in support of EU membership are made.