Postmodernism is destroying our brains, culture and civilization

[mongers]

Friedman himself was called to testify before the Commons and concluded that "only a modest reduction in output and employment will be a side effect of reducing inflation to single figures by 1982."  It's important to keep in mind that the monetarist view at the time was to deny an inflation-unemployment tradeoff and thus its was not a matter of taking the Volkerite view that the pain of high unemployment over the short run was worth enduring to re-set inflationary expectations.  Also that unlike in the US, unemployment in the UK didn't start to subside until 1986 and even by the late 80s was still well above the pre-Thatcher levels.  So separate and apart from the k-percent rule fiasco, the overall policy never really fulfilled its objectives.

Indeed, but you'd have a hard time persuading some of the younger myth-carriers that it wasn't a time of milk, honey and sunlit uplands.

[Admiral Yi]

It's very impressive that the British electorate was discussing the BoE's misunderstanding of the relationship between base money and M3.

[Sheilbh]

Postmodernism has been great for the arts. I'm fine with it.

Postmodern architecture needs to be burned to the ground and the earth salted.

Agreed on the rest.

We're way past post-modernism now anyway.

Sheilbh!