Pound Crisis

The pound hit its lowest level against the dollar in 230 years this week. The Bank of England was forced to step in to prevent what it called “a material risk to UK financial stability.”

The turmoil in Britain could be the beginning of the end of the era of free money.

For the last 15 years, the Western world has met every crisis with money printing and massive borrowing. The normal financial laws seemed to no longer apply.

Read more at “The End of Free Money?”