The UK’s leading inter-dealer broker spells it out in Project Armageddon:
“We conclude that Britain’s debts are unsupportable without sustained economic growth, and that the economy, as currently configured, is aligned against growth. Radical solutions are required if a debt disaster is to be averted. All macroeconomic options have been tried, and have failed. The only remaining options lie in the field of supply-side reform. Unfortunately, public opinion may be inimical to the scale of reform that is required.”
Well, the truth will out, eventually; it always does. But how many years do we have to put up with government-educated opinion before the truth can reveal itself?