Patrick Boyle

An unfortunate thing for Britain is that almost every disaster that happened over the last 25 years hit Britain full on.

Inflation exploded around the world, largely due to all of the lockdown.

Basically, the global economy shut down in March 2020.

Now we've got the Strait of Hormuz, and once again, Britain is taking the brunt of it.

The issue is that even if it opened up tomorrow, those problems are still kind of in the pipeline.

It could be a decade before all of this actually gets sorted out till we're back to the normal levels of production.

Oh, I think people are already angry.

Yes, so I'm from Ireland.

I teach at two universities here in the UK, KCL and Queen Mary.

I've worked for about 20 years in the financial industry in sort of the United States and then in London, ran a quantitative sort of derivatives trading hedge fund for quite a while.

And now I continue to teach and I have a YouTube channel that was sort of...

Well, no, there is just that funny feeling where I remember a few years ago, you'd see the prices of stuff going up and you'd be like, well, I'm not paying that for that.

And then after a while, you just kind of go, just don't look at the price.

Do you want it or not?

Because that's what it costs.

And yeah, you know, we've seen, I mean, inflation exploded around the world largely due to all of the lockdown.

Basically, the global economy shut down in March 2020, right?

And

governments around the world all, you know, there was sort of this choice of you can let everything tank.

And, you know, there's an argument, you know, a very free markets argument for that.