So then the only viable alternative to collapse (a la 1177BC), or the circling the drain that was 30s hyperinflation, is stagflation (which is somewhat similar to the 70s energy crisis).
So the question is can the UK handle it better than MT did in the early 80s. It took about 8 years last time, has monetary / fiscal understanding improved in any practical sense since then? Will the UK have another George Soros to inflict reality on the powers that be? Watch this space...
So the question is can the UK handle it better than MT did in the early 80s. It took about 8 years last time, has monetary / fiscal understanding improved in any practical sense since then? Will the UK have another George Soros to inflict reality on the powers that be? Watch this space...