Originally Posted by Chrysalis

real inflation is probably around the 10% mark now.

the 80s was an era where the low paid got poorer nothing to be particularly proud off.

however the money supply wasnt reduced then, it was increased, there was credit been dished out, wages were going up faster then as well. But crucially the internet hadnt taken off at that point so the global marketplace was much less of an issue then although was starting to become an issue. Then the recession at the end of the 80s which was the certian correction bound to occur in such a situation.

---------- Post added at 21:12 ---------- Previous post was at 21:10 ----------



funny enough that budget was even ringfenced. Another oddity for a country that is supposedbly close to calling the IMF.