When the facts change, I change my mind. What do you do? -- John Maynard Keynes
Sunday, March 29, 2015
Goodbye to War Loan: 1917 to 2015 (video)
Goodbye to War Loan: 1917 to 2015 - To commemorate this most interesting of gilts we have made a film about War Loan – one that tells the economic history of the UK through wars, default, the re-joining and leaving of the gold standard, the inflationary 1970s, the loss of the UK’s AAA credit rating, and finally the deflation that has followed the Great Financial Crisis.
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