It’s a shitshow
Florence Sutcliffe-Braithwaite: Thatcher’s Failed Experiment, 8 May 2025
Inside Thatcher’s Monetarism Experiment: The Promise, the Failure, the Legacy
by Tim Lankester.
Policy, 227 pp., £19.99, May 2024,978 1 4473 7135 9 Show More
by Tim Lankester.
Policy, 227 pp., £19.99, May 2024,
“... their products were becoming less and less affordable. The government then shot itself in the foot by abolishing exchange controls at the end of 1979, rendering the mechanism for controlling bank lending (and thus M) entirely ineffective. It was now impossible to stop banks from moving into the mortgage market, from which they had previously been ... ”