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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
20 people
Donn H (VA7DH)'s profile photo
Grant McLachlan's profile photo
Christopher Devlin's profile photo
Kirsten Rourke's profile photo
Davien Watkins's profile photo
Tina McInnes's profile photo
Zenon Garnett's profile photo
Gabriele Romanato's profile photo
Michael Geoghegan'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