It seems to me we have perfect conditions for rapid inflation: a magic money forest combined with shortages of goods.
If there is hyper inflation anything is possible politically, but most outcomes would be bad.
I note that devaluation is usually a death knell for the goverment in office, although the Tories seem to have got away with the 2016 post referendum devaluation - for the time being, at least
It seems to me we have perfect conditions for rapid inflation: a magic money forest combined with shortages of goods.
If there is hyper inflation anything is possible politically, but most outcomes would be bad.
I note that devaluation is usually a death knell for the goverment in office, although the Tories seem to have got away with the 2016 post referendum devaluation - for the time being, at least