For example, in 1931, the UK’s National Government fought hard to keep us on the Gold Standard, which was breaking the UK economy. It was only when we were forced off it that the economy grew strongly. Similarly, in 1992, the Major government did not decide that it wanted to leave the ERM. On the contrary it bent every effort, and spent almost every dollar, to keep us in! Once again, being forced out was the source of our salvation.