The Seductions of Declinism
William Davies: Stagnation Nation, 4 August 2022
“... the governor of the bank, admitted that inflation in the UK – triggered by a combination of war in Ukraine and supply-chain bottlenecks in the wake of Covid lockdowns – is likely to endure for longer than in the United States or mainland Europe.At the end of June, data emerged from the European Commission which appeared to confirm the worst fears ... ”