We've not had a black wednesday since this change. It has value because governments cannot be trusted to directly control interest rates. The indirection has value, politicians are forced to spend political capital in order to wrest control.
> So we can see how well that is going.
Still better than black wednesday and Norman Lamont.
We've not had a black wednesday since this change. It has value because governments cannot be trusted to directly control interest rates. The indirection has value, politicians are forced to spend political capital in order to wrest control.
> So we can see how well that is going.
Still better than black wednesday and Norman Lamont.