Food shortages in the 70's recession

[Deleted User]

Mary_Hartnell wrote: »

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Sounds familiar,

Why are we not hearing about balance of payments and money supply figures in the present crisis.
Is it nobody knows how to measure them anymore.?

As we no longer have a real manufacturing base(much of it destroyed by thatcher)then balance of payments arent such an issue,but they are billions £ in deficit,money supply(is that sterling m3?)will become an issue once interest rates hit 0% (oh yes they will)and the only and last option will be to print money,only difference is they are giving it a posh new name,quantative easing,we`ll be abit like the weimar republic needing wheelbarrows full of money for a loaf of bread,trust me as far as this recession goes you "aint seen nothin yet"

Iguana

woodbine wrote: »

that would be the power cuts of the 1970s,oh what joy,electric off while dinner was cooking,no tv for hours on end(bliss),the streets so dark you could see the stars

And cooking on the coal fire because there was no other way!!!!!

A._Badger

woodbine wrote: »

What followed was in many ways caused by heaths govt

And what caused Heath's problems? You can play the blame game all day but the fact remains that a succession of post-war governments failed and failed badly.