interviewed and i happen to know he follows me on twitter danny blanchflower he was a member of the bank of england's monetary policy committee he responded and jumped in the entire point of q e was to raise asset prices from someone who knows and voted for it presses coppola then went silent on this she didn't respond any further to this but here is an actual central banker and she her or her position in this debate have been that there's no sense there's no inflation there's nowhere you look can you see inflation the central banks need to print more maybe that's what she wants or like that there's no sign of inflation even though we see the unrest in france that we see on the rest across europe this is a result of this these are the people who are complaining about purchasing power when your income has not increased when certainly not at the pace that house prices your basic fundamental needs you know you need a house you need shelter you need food if those prices go up faster than your income. if you feel anger and here he is saying the entire point of q.e. was to raise asset prices a

to the next level of capitalism in a post carbon world this is what danny blanchflower is suggesting let's say you've got a bar let's say bill gates is now worth a sixty billion yes let's say there's a bar of sixty people in that bar the average wealth of the people not bars is a billion dollars so bland for saying i'm going to walk into the bar i want to give bill gates another sixty billion dollars yes and now the average wealth of the poorest two billion dollars that's exactly what central bankers did is they they gave it to the likes of bill gates and hoped that he would distribute it to people in need and tell him to say we're successful because the average wealth of everybody is just going up but the their i mean spendable well the way things happen is bill gates's wealth went up sixty billion dollars and this equivalent all of wall street and the elite and what you do is you start to justify you deserved it that's something immediately good about you makes you worthy of this and so it doesn't trickle down because you're like those people should just get a job you know they'll

danny blanchflower raising the possibility that this won't be a question of brexit or no brexit -- orwill be in fact. danny, -- or it will be in fact. it aftere that a rough mark carney, head of the bank of , showed a huge recession in the u.k.. then, a week later, his predecessor as head of the boe, says it would g -- be a just -- be just a little hiccup. who is right here? about fiscal wrong austerity saying it would have no effect on output. mark carney is fundamentally right, but he really did make a mistake and everybody picked up on it. if you have a brexit which takes place on the first of april 2019 and you have no deals in place, the airline stop, the border stop, the food and medicine does not getting, and the government will stockpile porta potty's going into derby because of the huge line of traffic. the problem he came out with the generated this hysteria was to say that you have a big increase in unemployment rate, and it looks like the great recession. how the mpc response is to raise rates from this two basis points -- from 50 basis points to 550 basis points. i put my

started printing well we happen to have interviewed and i happen to know he follows me on twitter danny blanchflower he was a member of the bank of england's monetary polly.