Quote:
Originally Posted by Hugh
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Sounds like a sales pitch for government policy.
Rising interest rates by its nature is designed to increase poverty and unemployment, as it has long been believed a poorer population reduces inflation via lower demand for goods. A banker even admitted this not that long ago in an interview in America when pushed hard on it. But even without doing so it is obvious, raising interest rates causes financial misery.
So why is he blaming early retirement? With more people unemployed there is less spending power, which based on the basic principles of inflation will lower inflation, the only reason I can think off is the government asked him to back up their policy.
Early retirement isnt even the main reason for increased job vacancies, the primary cause is the zero asylum and cancellation of freedom of movement policies. Blaming the sick, and people who have retired is a distraction.