In the second part of the Eyes Wide Shut series we examine how the UK’s economic freedom has come down to a circular relationship between the BoE, the banks, bondholders and householders. Each component threatens to undermine the other leading to a loss of faith in the UK as a currency issuer. Most likely in the aftermath of such event there will be a dialogue on how to reset the system. If the diagnosis of the malaise is not accurately explained the risk of resuming the current monetary system will be high. So we offer the explanation and we offer solutions of our own and those of the Cobden Centre, whilst not exhaustive or detailed, they are an outline for real dialogue.
Posts Tagged ‘Eyes Wide Shut’
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