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RE: The Bank of England's Implicit Deficit Monetisation Will Ruin the Country.
The problem is human memory. The lessons from the past are forgotten after a generation or two, and have to be relearned. There is something called collective memory, but it is hard to define. The only place where lessons from the past are recorded and integrated for eternity, is in technology. Everything else goes around in circles/ back and forth in pendulum motion.