As the public finally turns against the corporation and its expensive poll tax, the geniuses who run this sinking liberal institution decide to hike the cost even more to £157.50.

In 1913 the world enjoyed monetary stability, widespread free trade and free travel, rapid scientific advance, widespread liberal institutions.

The inflation also raised doubts about the competence of liberal institutions, especially amongst a middle class who had held cash savings and bonds.

Economic consequences of privatization and liberal institutions have meant changes in taxation to attract foreign investment.