In this episode, Mike and David explore the current UK Government's professed intentions to “Build, build, build!”
They debate the available infrastructure financing options: taxation, borrowing, and inflationary monetary expansion. They examine peak taxation, whether government debt is harmful, and how debt financing will affect future generations. Finally, the discussion returns to the boom-creating effects of inflationary monetary policy and the subsequent recession. Against the backdrop of unprecedented monetary intervention by central banks, they ponder whether the impact will result in a currency collapse and a “Great Reset”.
