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Former Brexit Party Leader Nigel Farage discussed the issue of inflation, attributing it to government negligence and a disregard for financial lessons learned in the past. He criticized the notion of modern monetary theory and claimed that politicians and central bankers have forgotten the rules that were established in the 1970s to combat inflation. Farage emphasized the need for Western governments to balance their budgets and suggested two approaches: cutting government spending or promoting real growth by supporting entrepreneurs. He also praised the entrepreneurial spirit in America and highlighted the economic philosophy of former President Ronald Reagan as a model for encouraging entrepreneurship.