ABSTRACT
The nineteen-thirties had not been without their economic difficulties; but there were two economic essentials upon which Britain could always depend: Bank rate at 2% and Scotch Whisky at 12/6d a bottle. Unemployment was no longer a political issue. Economic science had the problem under control. The bad old days of the 1920s and 1930s were gone forever. Historically, unemployment had normally been accompanied by falling prices, and inflation had normally been accompanied by falling unemployment. During the past thirty years, the British economy has experienced an unremitting cycle of inflation and unemployment. Individuals who wish to get themselves mugged, do not have to venture out into the streets. It can be arranged in the comfort of their own home. All they have to do is invest their savings in any bank, building society, life insurance company, or financial institution of their choice.
