Most of us are ignorant about most things most of the time, and it is a wise person who recognises that.
Though it is difficult, if not impossible, to quantify these processes, it is easy to see the direction which the economy is travelling. The mass increase in public expenditure and state debt, incurred in attempt to limit falling levels of consumer demand, will lead in due course to inflation and a depreciated currency.
The debt binge has left Britain in an economic mess. The policies designed to cure that mess will lead to new difficulties. My own preference would be for the government to use the recession to invest in the infrastructure and support industries with a long term commercial future, so at lease when the upturn arrives the country is better placed to prosper than simply start borrowing again.
No comments:
Post a Comment