An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
I won't say anticipated, because it's a political decision, not something with is a economic dynamics or a consequence of policy.
That's true. Godley just recognized that the existing situation would not work out very well for the UK, and the UK would likely withdraw down the road if the conditions were not changed.
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