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Richard Murphy
RichardJMurphy
There are people who claim that money has intrinsic value that has to be maintained. They demand the control of inflation, austerity economic policies and unemployment to preserve that intrinsic
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The usual ridiculous claims about inflation risk are whirling around the media because the government is borrowing more, and some of that is being paid for with quantitative easing (QE).
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The UK government has just borrowed £62bn in a month, which is more than it planned for the next year. People are sending out panic signals. They’re suggesting the gov’t
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