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by mendelsd
2833 days ago
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Indeed! BTW, you mentioned reservations about possible overspending by Corbyn's Labour. I'm encouraged however by the noises they're making about productivity, e.g. in a recent report: "The report’s guiding idea is to encourage finance to flow towards productive investment rather than speculation in property. This reflects an old complaint about the City of London: it is a global entrepot with little interest in promoting productive investment in the UK." [1] And here is a very good primer on the important distinction between productive and unproductive credit. [2] [1] https://www.ft.com/content/c59c189e-85b8-11e8-a29d-73e3d4545... [2] https://youtu.be/N-FDdHj7rPk |
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