Thursday, Sep 20, 2007
Let me begin with the most important actors of all – the millions of British homeowners, savers and consumers, whose economic future was briefly balanced on a knife-edge this weekend.
Times: Another Black Wednesday was a whisker away
Every ten years or so, any capitalist democracy can expect to have its economic system and governing institutions severely tested. For Britain, the last such occasion was Black Wednesday, 15 years ago, and before then the Winter of Discontent in 1979 and the sterling devaluation of 1967.
Posted by chris @ 04:36 AM (123 views) Add Comment
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