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Edward Seedhouse
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Edward Seedhouse

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"...every pound someone borrows is a pound that someone else lends. This means that if one sector of the economy is a borrower, another must be a net lender - that is, its savings must exceed its investment."

And this means that if the private sector saves more than it spends then the public sector MUST be in deficit. Not because of policy, because of arithmetic!
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Have him in circles
21 people
Michael Geoghegan's profile photo
Tina Savoy's profile photo
Curtis Johnson's profile photo
Davien Watkins's profile photo
Ismene Daskarolis's profile photo
patty-anne Lea's profile photo
Donn H (VA7DH)'s profile photo
James Hatch's profile photo
Gabriele Romanato's profile photo
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As little as possible, but still far too much,
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Recent convert to Pastafarianism, worshiper of the one true God, the Flying Cookie Monster.
Introduction
Beware: I have Irony and know how to use it.
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Guilty of occasionally thinking for himself, and therefore a dangerous man.
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Male