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As was this:
The stress of this disaster is already starting to inform, and fairly inconsistently.
It impacts different prices as effectively:
The danger of individuals dropping their properties is, as I’ve stored saying, excessive.
So too is the prospect that we’ll have a debt disaster rising:
Persons are borrowing extra. However will they have the ability to repay?
This can be a profoundly worrying overview. And bear in mind two issues.
First, the Treasury made this worse by growing taxes.
Second, the Financial institution of England is making this worse by growing rates of interest.
You can not make up callousness like that within the face of a disaster of this magnitude.
We urgently need an alternative economic policy. Danny Blanchflower and I’ve supplied on.
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