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“
What with the doctrines that are now widely accepted and the policies accordingly expected from the monetary authorities, there can be little doubt that current union policies must lead to continuous and progressive infl ation. The chief reason for this is that the dominant “fullemployment” doctrines explicitly relieve the unions of the responsibility for any unemployment and place the duty of preserving full employment on the monetary and fiscal authorities. The only way in which the latter can
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”
― The Constitution of Liberty
― The Constitution of Liberty
“
Despite the Bank of England gaining independence for setting UK monetary policy in 1998 and in the process being freed from political meddling; it has recently come under renewed attack from the lunatic fringe within the UK's Conservative Party, especially amongst arch Brexiteers such as Jacob Rees-Mogg (a.k.a. JackOff Grease-Smug to his growing number of detractors) who appear hell-bent on undermining the current bank governor's every move. When Mark Carney rightly sounds the alarm bells of the
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”
― Lines & Lenses
― Lines & Lenses
Life’s Box of Chocolates
"You never know what you're gonna get."
From sudden inflation spikes …more
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