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Space Yak

@spaceyak.bsky.social

Continuity Corbyn hipster analyst. He/him

created August 18, 2023

374 followers 490 following 963 posts

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Profile picture Space Yak (@spaceyak.bsky.social)

Going back further, she made accepting refugees a big part of her Labour leadership campaign. www.theguardian.com/world/2015/s...

2/9/2025, 1:04:07 PM | 1 0 | View on Bluesky | view

Profile picture Dean Baker (@deanbaker13.bsky.social) reposted

Taxing the rich is great, but it would be even better not to write the laws so that the rich get all the money deanbaker22.substack.com/p/the-rich-w...

1/9/2025, 8:24:17 PM | 108 31 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

For now I'm willing to accept the possibility that Adnan Hussain is not a dyed in the wool transphobe and may just be someone who doesn't really understand the issues and got their initial impressions of it from a bunch TERFs.

1/9/2025, 11:48:07 AM | 0 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

Personally, I find this article reassuring. It took him a while to bring up the subject of trans rights but I'm glad he did.

1/9/2025, 11:36:28 AM | 0 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

Labour are not really progressive these days,but it's been clear that their attitude has been to firebomb anyone to the left and leave voters nowhere to go. Labour have no interest in cooperating.

1/9/2025, 7:37:21 AM | 0 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

In Soviet Russia....

After 1957, the USSR built 2.2 million units every year. Due to the institution of basic housing rent,[3] rent only made up about 5% of a family's monthly budget,[4] although in Moscow, the average family only spent 3% of their budget on rent.[5]
31/8/2025, 1:01:58 PM | 1 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

The Lada Riva design has aged pretty well. Also, gives me an excuse to post this. youtu.be/rvp9E12E4hQ?...

31/8/2025, 10:17:58 AM | 4 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

Got quibbles with that kind of thing though: - How are these indices calculated? The wealth of the super rich is incredibly opaque. - Older UK people have lots of housing wealth which hides the issue

30/8/2025, 8:59:20 AM | 0 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

What's really appalling is the damage these organisations have inflicted on people. People hate these monsterous organisations for good reasons.

30/8/2025, 7:26:33 AM | 3 0 | View on Bluesky | view

Profile picture Duncan Lamont (@duncanlamont2.bsky.social) reposted reply parent

ANSWER: it’s beef 🥩🍔🐄 Not chocolate (8%), coffee (14%), butter (8%), eggs (3%) Well done to everyone who guessed right!

29/8/2025, 11:24:27 AM | 11 1 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

This is I think, one of the biggest things I had to learn about politics. Some people just aren't interested in debate, their politics is just too deep.

29/8/2025, 3:15:13 PM | 1 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

Liked this guy when I first saw this ad, the interview made me just like him more.

29/8/2025, 2:08:10 PM | 1 0 | View on Bluesky | view

Profile picture Dan Davies (@dsquareddigest.bsky.social) reposted

Just to point out that they grounded the entire fleet of 737Max aircraft as a precautionary measure

29/8/2025, 11:38:03 AM | 127 50 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

I agree with the sentiment for entirely different reasons. Mostly that they love a cutting taxes far too much and seem to have forgotten about your great great uncle's work.

29/8/2025, 10:41:21 AM | 0 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

Disagree with this, calling them facists might be like chipping away at a wall with a toothpick, but tat's no reason to stop doing it. Also, the "more effective" tactic of pointing out that these far right protestors are domestic abusers etc just justifies that fascist label.

29/8/2025, 9:05:26 AM | 7 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

Crisps

29/8/2025, 7:40:49 AM | 1 0 | View on Bluesky | view

Profile picture Gregk Foley (@gregk.co.uk) reposted

I just don’t think it’s unreasonable to say the public should be worried when a former senior Labour MP, who famously helped General Augusto Pinochet evade facing trial for crimes against humanity including torture, argues that Britain should ‘decouple’ from the European Convention on Human Rights.

image Thursday, 2 March, 2000, 12:38 GMT Pinochet set free General Pinochet ruled Chile for 17 years Former Chilean dictator General Augusto Pinochet will not be extradited on torture charges and is free to leave the UK, Home Secretary Jack Straw has decided.
29/8/2025, 7:11:43 AM | 321 98 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

Not sure Turkey is that much of a cautionary tale, they may have experienced high inflation but GDP seems unaffected.

28/8/2025, 3:45:08 PM | 1 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

I often wonder why the tax system has a huge bias against working people. I think it stems from the days when boomers were still in work, since older folk were generally a lot poorer back then.

28/8/2025, 3:22:33 PM | 0 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

Not sure how I feel about this one because I feel that income from doing nothing should be taxed at least as heavily as working income. But obviously while landlords have the power to pass that tax on to tenants, it's not going to help.

28/8/2025, 2:56:47 PM | 1 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

Never trust a company that nicked its name from Tolkien.

28/8/2025, 12:41:00 PM | 2 0 | View on Bluesky | view

Profile picture Katie Martin (@katie0martin.ft.com) reposted

Good morning. Say hello to the companies scrambling for lucrative work flying immigrants around and out of the US (but too chicken to keep their branding on the planes) ig.ft.com/us-deportati...

image
28/8/2025, 8:23:58 AM | 259 102 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

Absolutely,Il though also good would be a big public housing sector with subsidised rent that landlords have to compete with and strict limits on who can borrow for mortgages.

27/8/2025, 3:51:43 PM | 0 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

This is a fine example of the kind of superficial bullshit used to justify so many bad decisions everywhere. So much bad shit has been done with complex pointy headed justifications that collapse in the face of reality.

27/8/2025, 3:47:33 PM | 2 1 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

No, they don't because they basically just regurgitate the human input they've been trained on. Can we please stop doing PR for a hugely expensive minimally useful industry.

26/8/2025, 8:37:21 AM | 0 0 | View on Bluesky | view

Profile picture flyingrodent (@flyingrodent.bsky.social) reposted reply parent

This one Dril tweet in December 2023 was a more accurate depiction of actual events than anything you’d have got off newsstands, from broadcast media or out of the mouths of politicians. It hasn’t got much better since.

image
26/8/2025, 7:19:35 AM | 1024 333 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

Absolutely, really wish I'd realised what was going on in the Miliband years.

26/8/2025, 7:46:02 AM | 0 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

Such an instinctive natural position, that now with a gigantic majority they've completely abandoned it

25/8/2025, 7:56:56 PM | 1 0 | View on Bluesky | view

Profile picture Zarah Sultana MP (@zarahsultana.bsky.social) reposted

Keir Starmer and David Lammy belong in The Hague.

25/8/2025, 12:19:27 PM | 1908 464 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

Amazing how people say stuff like "Corbyn couldn't even command the loyalty of his on MPs" as if it wasn't obvious the PLP was incredibly disloyal and plotting against him from day 1.

25/8/2025, 5:57:56 PM | 3 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

With absolutely no respect, this is utter nonsense. The People's Vote Campaign was quite deliberately designed to split Labour's vote. This was all documented in the coverage of it's collapse.

25/8/2025, 3:52:02 PM | 7 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

My son is distracted by absolutely everything. Attempting to coordinate the sequence of events needed to leave the house is an absolute nightmare.

25/8/2025, 12:32:11 PM | 1 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

As best as I can tell, there is inequality but it's not something you'll find in earnings data. I think the crystalized generational inequality @ironeconomist.bsky.social mentions explains a lot here, that inequality has definitely skewed towards the already rich.

25/8/2025, 12:29:18 PM | 0 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

George has always been a wolf man www.theguardian.com/environment/...

25/8/2025, 10:16:21 AM | 2 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

Definitely something to this. It feels like working households are being squeezed at both ends here with both no/low wage growth plus rising costs (housing especially) from intergenerational inequality.

25/8/2025, 10:05:07 AM | 0 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

I have looked at that data before and I just can't square the "actually society is quite equal" story with the society we actually have. There are things the kind of surface analysis of the data is missing, because things are quite clearly not fine.

25/8/2025, 9:51:56 AM | 0 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

I see analysis like this all the time and it seems obvious that it's missing something, the data is telling stories that don't really match what we see in wider society.

25/8/2025, 9:24:37 AM | 1 0 | View on Bluesky | view

Profile picture Joe Noonan (@joenoonan.bsky.social) reposted reply parent

"IN FAIRNESS TO Kneecap and Sally Rooney, if I had to embroil myself in a battle of wits with a world leader, I’d probably pick Keir Starmer too."

23/8/2025, 8:53:19 AM | 162 41 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

Trans people having the right to exist is not some hyper liberal belief.

22/8/2025, 7:18:25 PM | 2 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

Malaysia, a few days in Kuala Lumpur and the rest in Penang. Both amazing and the food was fantastic.

22/8/2025, 7:12:32 PM | 1 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

Here are details on the MPs , I'm still hoping this is something they can move past, but people are concerned and it's genuine good faith concern. bsky.app/profile/spac...

22/8/2025, 12:42:03 PM | 5 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

Several of the potential Your Party MPs have expressed transphobic/anti-LGBTQ+ opinions. Plus Corbyn has given a lot of interviews covering a range of issues where clear positions have been expressed but has quite studiously avoided trans-rights.

22/8/2025, 12:35:14 PM | 8 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

Just say you hate trans people.

22/8/2025, 12:27:40 PM | 4 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

Ex Labour person here, I very much do think about Zack to the point that I thought it worth joining the Greens to vote for him.

22/8/2025, 12:20:21 PM | 3 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

Spoke to a nurse practitioner yesterday who did some work at our local asylum hotel. Reckoned it was full of incredibly talented people who were bored out of their minds.

22/8/2025, 10:22:29 AM | 1 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

Absolutely, it wouldn't have been hard either. Just attack some of the latest EHRC guidance or the ban on puberty blockers.

22/8/2025, 10:19:41 AM | 2 0 | View on Bluesky | view

Profile picture Visions of Hope (@visions-of-hope.bsky.social) reposted reply parent

We’re reaching middle age without the capital markers we were told to expect with middle age. I’m living as precariously as I did in my early 20s despite earning more than three times as much. All cos successive governments decided that our property market should be a treasure pot for Boomers.

22/8/2025, 8:46:33 AM | 112 22 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

Who is Angela Smith?

22/8/2025, 9:56:33 AM | 1 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

My current bet AI wise is that the bubble bursts and we move to more specialised LLMs trained on specialised datasets. Basically smaller LLMs trained on less data are much less power and compute hungry.

21/8/2025, 6:44:56 PM | 2 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

Straw also overruled the parole board to prevent the release of Saptal Ram.

21/8/2025, 8:43:12 AM | 2 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

Indeed, the little exclamation mark after Chavez is very much a tell for the "Paul Mason is an intelligence services asset" theory.

21/8/2025, 8:24:18 AM | 0 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

Was also quite senior at Oxfam,I remember reading a piece she wrote on charity fundraising and it left a really bad taste.

21/8/2025, 7:44:24 AM | 5 0 | View on Bluesky | view

Profile picture 66snafu (@66snafu.bsky.social) reposted

Think I'll read this once a week forever. Patricia Routledge, I love you.

image
20/8/2025, 7:21:12 PM | 1053 354 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

It was Labour home secretary David Blunkett who banned asylum seekers from working.

21/8/2025, 7:19:28 AM | 65 2 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

Antonia Bance I believe

21/8/2025, 6:57:41 AM | 0 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

Dull thread with the interesting tidbit that his centrist thinktank was funded by Paul Marshall (who also funds GB news).

21/8/2025, 6:55:04 AM | 0 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

Some bits were far better back in the 80s and 90s. I remember that we could always get an appointment with our family GP for example.

20/8/2025, 10:20:08 AM | 1 0 | View on Bluesky | view

Profile picture Billionaires are parasites (@lamentablyawake.bsky.social) reposted

You really aren't going to get a better example of how the British media works than the contrasting coverage of two Irish authors this week. The brave and sensitive transphobe John Boyne vs the vile and hateful opponent of genocide Sally Rooney.

19/8/2025, 3:31:10 PM | 386 170 | View on Bluesky | view

Profile picture Brian Kellett (@briankellett.bsky.social) reposted reply parent

If we had a decent press they’d show pictures/videos of inside these ‘hotels’, I’ve been in loads of them and they are *grim*. Plenty of calls from them for alcoholic/drug collapses/MH crises is pretty indicative of the sorts of places they are. I pity anyone with kids staying there.

19/8/2025, 4:40:15 AM | 18 5 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

That's a very strange way to describe a politician with possibly the most consistently progressive voting record in parliament.

19/8/2025, 6:32:34 AM | 1 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

While obviously the invasion of Ukraine was Russian aggression, a lot of this seems pretty Russophobic. For example, the Afghan government asked the Soviets for help in 79 and the Soviets only agreed reluctantly. Ukraine in 1919 was already part of the Russian empire.

17/8/2025, 4:06:20 PM | 1 0 | View on Bluesky | view

Profile picture Ewar Woowar (@ewacat.bsky.social) reposted

I also wish ill to JK Rowling

16/8/2025, 9:59:47 AM | 140 20 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

I note that this makes 3 potential Your Party MPs with poor histories on trans rights. bsky.app/profile/spac...

16/8/2025, 10:47:47 AM | 15 1 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

Skunk Anansie, fuck yeah!

14/8/2025, 6:25:38 PM | 0 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

Currently watching Rocket, pretty cool remind me a lot of Belly.

14/8/2025, 4:38:34 PM | 0 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

Seeing the Smashing Pumpkins tonight, quite excited about it.

14/8/2025, 4:03:33 PM | 1 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

As Chris most definitely knows, half a year's GDP is not really enough to determine anything so these figures don't actually mean that much.

14/8/2025, 8:30:32 AM | 1 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

Wide ranging, but not so wide as to mention trans rights. I have huge amounts of trust and respect for JC and I'll give him far more leeway than most, but his silence on the issue of trans rights is worrying.

13/8/2025, 11:29:38 AM | 8 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

Bad taste, but I felt I had to go here.

Dr Hibbert from the Simpsons lamenting another broccoli related death.
13/8/2025, 9:40:30 AM | 1 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

The UK has essentially been run by the tabloid press for the past 25 years. Even back in the Blair years, the actual policy that got implemented was largely the crackdowns called for in the press.

11/8/2025, 4:43:29 PM | 0 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

Porridge with a little bit of golden syrup

11/8/2025, 1:31:36 PM | 1 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

That Alex Davies-Jones video made me properly see red, the utter callousness of it all.

11/8/2025, 10:19:26 AM | 1 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

Nope

11/8/2025, 10:12:37 AM | 0 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

A lot of what you're saying here is made up, but on the subject of antisemitism... bsky.app/profile/jim-...

11/8/2025, 8:06:14 AM | 2 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

SOURCE: Israel's PR team made it up

11/8/2025, 7:58:29 AM | 1 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

@alexdaviesjones.bsky.social you are a war criminal and you should be in the Hague standing trial.

11/8/2025, 7:56:30 AM | 1 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

I like this kind post...here are the predictions of disaster... here's what actually happened. Though I think the main lesson is that the press is basically just a PR machine these days.

10/8/2025, 11:26:07 AM | 2 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

Absolutely massive loss this. Needing to work full time to simply exist means so many creative people just won't get the chance to create.

10/8/2025, 11:14:51 AM | 2 0 | View on Bluesky | view

Profile picture Billionaires are parasites (@lamentablyawake.bsky.social) reposted

If one were a journalist and intelligence service asset I imagine it would be quite frustrating to listen to one's handler complain about the consequences of proscribing Palestine Action as terrorists.

10/8/2025, 9:57:59 AM | 14 2 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

Know a few people who've moved to France around Limoges and they seem happy with the choice.

10/8/2025, 9:24:00 AM | 0 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

The papers are using all their tricks to pretend a tiny number of racists is actually a huge national uprising.

10/8/2025, 8:49:49 AM | 1 0 | View on Bluesky | view

Profile picture Dan Davies (@dsquareddigest.bsky.social) reposted

The tone is set from the top. Keir Starmer and his team can ask why this guy has not been expelled from the conservative party, or they can not do that. The BBC can lead its broadcasts with half a dozen talking heads explaining how disgusted they are, or they can not do that.

9/8/2025, 11:15:12 PM | 298 75 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

I think 2012 or thereabouts

8/8/2025, 2:43:30 PM | 0 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

24

8/8/2025, 2:40:39 PM | 0 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

Mayonnaise, just can't stand the stuff

8/8/2025, 2:39:06 PM | 0 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

I don't think Baddiel specifically asked that question. He was asking his niece about her experiences of racism and she gave that example and how she'd be more worried about her mum in that situation.

8/8/2025, 2:33:49 PM | 2 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

Where I live they had an small but excellent store selling generalised groceries and they shut it down, opened a smaller store nearby selling high markup meal deals and almost no actual groceries.

7/8/2025, 12:35:01 PM | 1 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

Have you tried OpenMW?

7/8/2025, 9:54:37 AM | 0 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

Years ago I remember Rushanara Ali on a panel show and she gave the blandest most media training type answers imaginable. Had her pegged then as a wrong un.

7/8/2025, 9:44:29 AM | 2 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

You say that like opposition to the EU is an entirely one dimensional thing, like the EU is some unimpeachable good rather than a deeply flawed organisation.

6/8/2025, 12:23:54 PM | 1 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

Feel with the You Party there are two types of critics: 1) People genuinely concerned about the party's potential stance on trans rights 2) People who want the party dead on arrival and are cynically using criticisms about trans rights for that purpose.

6/8/2025, 11:39:22 AM | 0 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

I've been far too kind to Lindsay Hoyle over the years,the guy should be in the Hague.

Tweet from me:
6/8/2025, 7:55:21 AM | 1 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social)

Is there a genre of person who was anti-Corbyn, but having witnessed the shit show that is Starmer expressed regret about their opposition?

5/8/2025, 7:43:07 PM | 1 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

Strikes me that price stability is quite a one dimensional stability. And we've seen instability manifest in other places GFC is the obvious one here. Plus things like ever rising house prices, that's going to boil over at some point (some would say it already has).

5/8/2025, 1:52:29 PM | 0 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

What's missed however is that inflation has in the past acted as an important economic safety valve. The current 2% inflation target is effectively an industrial policy that favours the finance industry rather than a guarantee of stability.

5/8/2025, 11:13:01 AM | 0 0 | View on Bluesky | view

Profile picture Space Yak (@spaceyak.bsky.social) reply parent

They can, but for a large number of understandable reasons usually choose not to. Inflation is one of a number of these reasons all centered around economic stability.

5/8/2025, 11:09:27 AM | 1 0 | View on Bluesky | view