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Patrick Boyle

πŸ‘€ Speaker
647 total appearances

Appearances Over Time

Podcast Appearances

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Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

Because it's unlikely that people in, you know, the Western developed world are going to actually be experiencing famine.

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Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

You know, we'll pay up for the food.

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Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

And then in other parts of the world where they can't, they have real problems.

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Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

Yeah, but that's how people deal with higher costs, right?

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Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

Because you need a certain amount of calories.

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Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

You don't necessarily need it to come from caviar.

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Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

So as prices go up, you find substitute goods.

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Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

And so eventually, maybe we'll be like Ireland a couple hundred years ago and try and get by on potato.

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Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

I think people are already angry because it angers people even having to downgrade.

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Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

People aren't angry because they're hungry, but they are angry if their life is slowly getting worse.

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Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

If they're like, well, I'm working harder, I'm doing all the right things, I'm doing everything I was told was supposed to lead to a successful life, and here I am growing potatoes in my backyard to feed the family.

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Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

Yeah.

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Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

Yeah.

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Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

I think for the British economy, energy is probably the biggest problem.

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Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

But

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Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

You know, often I'll talk about deregulation.

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Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

People get angry, as I've said earlier.

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Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

You know, I'm not saying that we need to put poison in people's food.

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Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

Deregulation, though, sometimes... A great example is Hinkley Point C, the nuclear reactor that they're building here in the UK, which is now on schedule to be the most expensive nuclear plant in the world.

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Why Everything Is So Expensive - Financial Expert Patrick Boyle Explains

Right.