halalmoney @halalmoney - 2d
"…state money …is …. backed by a tax base or a fiscal authority." https://www.theguardian.com/commentisfree/2025/nov/18/the-guardian-view-on-cryptos-latest-crash-it-reveals-who-pays-the-price-for-a-failing-economy "When did the Bank of England last meet its 2% inflation target?" Perplexity: The Bank of England last met its 2% inflation target in September 2024. Since then, inflation has mostly remained above this target, with recent rates around 3.6% to 3.8% in late 2025. The Bank expects inflation to return to 2% at some point in 2026 or later, but as of now, it has not sustained the 2% target since September 2024.
