• Saeculum [he/him, comrade/them]
    ·
    1 year ago

    The UK government deliberately devalued the pound a couple of times, we had the great depression significantly devalue the pound, and the 70s&80s were sustained periods of high inflation.

    But then I look at US inflation

    Bretton-Woods and some shenanigans with the UKs war debt devalued it significantly against the dollar multiple times.