Inflation

yup, again, theres limitations, severe in many cases, of what people can do in regards their energy costs, this is why i believe the only way through this is by government subsidisation, i think the government should remain crediting households electricity accounts, until we get some sort of state of stabilisation

At some stage it will be better to switch. Keep an eye on it.

again, thats horsesh1t, again, deficit rules are still currently suspended, theres virtually nothing stopping them only themselves, from funding such critical needs. ive come to accept they no longer want to be in government, i can accept that, its a sh1tty job, why would anyone want to do it, but i have a problem with them bringing the economy down with them!

there is not a limited pot, they are limiting it, by not borrowing, period! yes, again, debt is the money, no debt, no money supply, no economy, it really is that simple, borrowing the fcuking money, or else....

we truly need to get over this inherent fear of borrowing, i.e. running deficits,, we ve tried the whole running our economy primarily on credit, it failed, and very very badly!

Could those in government or the top civil servants in each department not look at every departments spending and assess what is currently giving value for money and what isn't? This would no doubt free up some money. Like in all honesty who thinks the 20billion price tag that comes with the HSE represents value for money. Huge waiting lists, and massive wages for many does not in my opinion.

yes, theres clearly serious miss management of money going on within our public system, but not in the way some believe so, this has again made itself aware with the defaulting position of lets increase the pay rate of high earners within the system, and continue to fcuk over the lower levels, oh thats gonna work! theres a clear element of wealth extraction going on within our public system, we ve clearly completely neglected the system as a whole, continually fcuked over lower level employees, health care workers etc, and let major private sector entities such as insurance companies etc, extract even more, what a train wreck!

our health care needs have become even more complex over time, both physically and psychologically, but we have not maintained a rate of expansion and development of our system, to provide these critical needs, we re now at a point whereby we re no longer capable of providing these critical needs to an ever rising number of citizens, i.e. our health system is now in a state of collapse, and the only way out of this, is in fact a rapid increase in investment, and yes, that means, even more money, or else.....

...our system needs a deep gutting of all this bullsh1t, and a rapid expansion of investment, but at the same time!

Holy crap!

My bill last week was an actual reading. I’d been paying roughly 120 per bill and this one is 160. Not being nosey but what normal person can afford your bill?

I thought an actual meter reading was done at least once a year.

They will surely let you do a reasonable payment plan over the next 12/24 months. Over the next 6 bills would be an eye watering 366 extra per bill 😳

Where exactly do you think private debt (credit) came from?? Very curious.

All inflation is created by central banks.

I think there has to be an attempt to read the meter rather than actually reading it. I was reading about a similar case recently that was brought up in the Dáil.

"Mr Naughten criticised the Commission for the Regulation of Utilities (CRU), stating it seems it is “not too bothered about this exploitation of vulnerable electricity customers”.

“The only obligation they place on electricity suppliers is that they must ‘attempt’ to take a meter reading four times per year,” he said."

Seems reasonable though. An electric company can't force their way into people's homes to take a meter reading.

Surely a majority of meters are accessible outside the property?

...once again, our current inflationary pressures have little or nothing to with the money supply, its primarily being induced from the severe supply chain and energy market shocks. again, its important to remember, the general population has been living with hyper inflated property markets for decades, and now real economy inflation, and to add insult, all of that has been along side low wage inflation in comparison, so queue wage demands, in both sectors!

private sector financial institutions, i.e. banks, also create money, we call this form of money 'credit'

...and again, yes central banks can and do indeed create inflation, but so to do private sector financial institutions, i.e. banks , but again, inflation can be caused by many other factors, such as supply chain issues and energy market shocks, etc etc etc

...again, wrong! there in fact isnt a limited pot, particularly in the public domain, as central banks can in fact never run out of money, period, as they can simply just create it, but private sector banks must always meet certain criteria in order to do so, such as meeting their reserves etc! the limits come from ultimately the amount of debt your economy can sustain, which in its self is a bit of a black art, nobody truly knows the real limits, we only know what we hit them, i.e. 08! again baring in mind, it was in fact our over reliance on the private sector money supply, i.e. the credit supply, that lead to the crash, which in irelands case, can be clearly seen in the actual data, again, supplied!

again, yes, we do indeed keep pushing the boundaries, but not in the public domain, but in the private domain, i.e. the credit supply, and it keeps failing, and spectacularly so, i.e. 08!

again, its important to realise, taxation is not money creation, debt is, period, in both the public and private domains, i.e. in order to create money, debt has to be created on someone's balance sheet somewhere, in either the public or private domains, hence why this was essential during covid via deficit spending, as this is exactly how money is created in the public domain. the reason why this was essential is because of the effective shutdowns of our economies, particularly in the private domain, which lead to a dramatic fail in the demand for new credit, i.e. less businesses and less individuals were requiring new loans, from banks. so in order to run our economies, new debt needed to be created in the public domain, or our economies would have simply collapsed ,and it worked!

again, you ve reading to be doing, particularly in regards money creation, papers included!

again, im sorry to inform you, you re completely wrong in regards what money is, and how its created, you re continually defaulting to the mainstream school of economic thought, also known as neoclassical economics, and you d wonder why none of the institutions thats believe in this school of thought, didnt see 08 coming! holy fcuk, now thats scary stuff!

Sweet Jesus...

I've done all the reading, and been awarded all of the degrees, I ever needed to with regards to the Keynesian epoch.

Let's just say I've a few thousand ozt of silver and we'll leave it at that.

Am I a libertarian? No.

Am I a Marxist? No. Central planning is the fetish of Keynesians actually.

I am a sound money advocate as, without knowing the value of a currency (as it's changed via state-approved counterfeiting behind the scenes), it becomes increasingly difficult for a public to trust it as a fixed measure.

At this point, the euro, and many of its siblings, are only good for nominal accounting. People, deep-down, know what value is and what purchasing power is.

Ps the mainstream school of economics is Keynesian. I'd respectfully suggest you're out of your depth on this topic. But postin quite confidently nonetheless.

https://fee.org/articles/how-the-housing-crisis-vindicated-the-austrian-school-of-economics/

Over and out.

All the service contracts too, paying out multiple times what something is worth to rent it and be fixed into additional charges all so they don't have to have a once off fee and make their lives easier. Easier to continue an existing expense than try to save some money.