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When your outgo exceeds your income, your upkeep is your downfall.
– Sid Taylor, former research director, National Taxpayers Union
YOUGHAL, IRELAND – Yesterday, we began our look at the Big Bang… the end of an empire… the grand finale in a Katastrophenhausse. That’s when the you-know-what hits the fan.
Trouble is, you-don’t-know-when… or exactly how.
Our observation is that inflation is not always and everywhere a purely monetary phenomenon. In fact, it never is.
Instead, part cause and part effect, it unsettles and disrupts. It mixes with politics and social movements… and like nitro and glycerin, the combination is inherently unstable… and explosive.
CHILDREN from Swinton Pre-School have made decorations to go on a Christmas tree donated to the village. Kate and Stewart Morris, who live in Swinton and whose son, Sam attends the pre-school gave the tree for villagers to enjoy. Jennie Smith, Swinton Pre-School leader, said they were grateful for the donation. “The children from pre-school made some decorations to go on the tree and we had a lovely walk around the village to place our decorations on the tree. It was so nice for the children to walk around the village and see the wider community.” Jennie said: “A few people we met on our walk said how nice it was to see the children out and about in the community of Swinton and how reassuring it was that our Pre-School could take advantage of meeting locals some remembering Swinton Pre-School from over 40 years ago when their children attended.”