Special Edition: De-Dollarisation and the New Monetary Order
Multipolarity
00:00
The Stop-Go Cycle
Britain's economy became known as the stop-go cycle. It was a very Keynesian run economy, very state-led. At certain point imports outstripped exports and they'd have to jack up interest rates - usually creating a recession. So an awful lot of the time, if you're running these imbalances, it's showing a structural weakness in your economy. We maybe can discuss that later, to help other countries kind of pull themselves up.
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