“Somehow in the UK, someone needs to accept that they’re worse off and stop trying to maintain their real spending power by bidding up prices whether through higher wages or passing energy costs on to customers etc,” he told the Beyond Unprecedented podcast from Columbia Law School.

it’s interesting to see someone give the game away this much. normally, guys like this try to at least obfuscate what they’re saying when it’s something like “you should accept your wage never keeping up with inflation”