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Back To The Falklands, Monetarism’s Meltdown, A New Eurozone Crisis

Multipolarity

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Monotourism: A Meltdown?

Bank of England is denying that they're trying to produce a recession in Britain. But even their statements feel a little bit the Lady Doth protest too much. They've decided that wage increases and core inflation are just too sticky. The only thing that's going to wipe out this is layoffs and an loose labour market. I think it's reasonable to say, and perhaps you would agree as well, Philip, that this inflation situation started as a supply shock.

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