PMQs #006 - The Quiet Leviathan — Inflation Is Breaking Everything

What It Covers

Peter and Connor McCormack examine how inflation systematically destroys wealth for working people while enriching asset holders, arguing it represents the core crisis behind declining living standards across generations in Britain.

Key Questions Answered

• •Wealth transfer mechanism: Inflation benefits asset holders (property, stocks, Bitcoin) while wages lag behind price increases. House prices rose 1500% versus 500% wage growth over thirty years, making homeownership impossible for younger generations on equivalent salaries.
• •Insidious degradation process: Inflation operates through gradual erosion rather than sudden collapse. People slowly lower standards across work, food, relationships while working longer hours for less purchasing power. This creates feudal conditions without triggering mass awareness or resistance.
• •Exported poverty dynamics: Western nations export inflation to developing countries through debt mechanisms and currency devaluation. When third world currencies collapse 50% overnight, citizens face immediate impoverishment, driving migration patterns while wealthy nations maintain relative stability through exploitation.
• •Political incentive failure: No major political party addresses inflation because money creation enables short-term electoral gains. Left-wing policies increase money supply through stimulus programs, right-wing approaches slow but don't stop the process. Both perpetuate the system rather than constrain government borrowing.