Archive for August, 2008

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When the money runs out

Prices are soaring.   Gas and electricity prices are up.  Petrol is up.  Food is up.  And many people are feeling the pinch.  No-one knows how bad things might get.  Some experts are predicting the biggest economic crisis for many years.  Mass bankruptcies and repossessions;  widespread unemployment;  runaway inflation;  the collapse of many industries; a state unable to pay for its hospitals, police-force or schools or to maintain social security benefits: many observers see all these things on the horizon.  They may be right, they may be wrong.  But already …

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