The state is the undisputed champion of passing the buck. Whenever it fucks up it finds a way to blame the people. Did the politicians screw up the economy? That’s our fault for voting them in! Is your local police department out of control? You voted for the sheriff! There isn’t enough money circulating throughout the economy? What do you expect when people
save hoard money? Accumulated debt is causing chaos in the banking system? Obviously people aren’t saving enough money!
Now the Bank of England is setting itself up to blame the people for arbitrarily set interest rates not bringing prosperity:
According to Sky News, the world’s eighth oldest bank will now assess the frequency of job searches and monitor prices online to understand potential unemployment rates and monitor inflation. It will also gauge language used on social networks to better understand the state of some financial markets. It’s another example of the shift towards “big data,” where companies collect and analyse huge sets of digital data rather than use traditional database techniques to detect patterns as they happen. The Bank of England says it used these techniques to help impose new controls on the housing market earlier in the year, and hopes this “big shift from the past” will help it better judge Britain’s financial status in the future.
Inflation will now be our fault because we sent the wrong signals over our social media feeds! Isn’t the state brilliant? There’s nothing it can’t blame on somebody else.