This book charts the course of monetary policy in the UK from 1967
to 1982. It shows how events such as the 1967 devaluation, the
collapse of Bretton Woods, the stagflation of the 1970s, and the
IMF loan of 1976 all shaped policy. It shows that the 'monetarist'
experiment of the 1980s was based on a fundamental misreading of
1970s monetary policy.
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