History Repeating Itself? What Did The Last Empire To Have Enormous Debt Problems Do?

by Jason Burack of Wall St For Main St

The last empire before the US, the British Empire, had an enormous debt problem and was running a massive welfare/warfare state with very high taxes, rules and regulations.

What did the Bank of England (BOE) do to deal with the high debt and to try to maintain the size of government and the welfare/warfare state? It did very large currency devaluations over a 4 decade period from 1931-1967.

We are primarily funded by readers. Please subscribe and donate to support us!

England’s post WW1 economy had high taxes, high inflation and high unemployment. It was “stagflate and tax and lie” before the term “stagflation” to describe high inflation and high unemployment happening simultaneously was even invented.


Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about investing and the economy www.patreon.com/wallstformainst


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.