Reply to post: Re: It's simple, really.

So why the hell didn't quantitative easing produce HUGE inflation?

Squander Two

Re: It's simple, really.

> Manufacturing has been totally decimated

The UK's manufacturing sector has been growing consistently for decades. It has reduced as a proportion of GDP. You might argue that growing but not growing as much as other sectors is a terrible thing for some reason, but you cannot truthfully argue that it amounts to total decimation.

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