smithy wrote:
The IMF refused more money without reform, there was no money to pay people in these unnecessary jobs. There was no choice but to sell off some of the nationalised industries.
So Britain should just been over for the IMF?
I tought you where pretty nationalistic?
And "just to keep inflation down"
?? Sweet Jesus man! Inflation KILLS economies. And it was already at record levels before Thatcher re-introduced some sensible economic policy to the UK. Inflation kills people's savings and it weakens the value of the currency. In 1972, Sterling was worth $3.75!!!!!! (imagine that today!).
There is a easy way to keep inflation away.
Shoot the usurers!
The whole economic sector is a rip-off, you complain about people " believe they could succeed without work or talent."
well those guy does, a couple of hundred years ago they would have gone for a churchcareer
Even the incompetants who run the Eurozone have at last adopted the British economic model of low-inflation.
That´s the american model :lol:
