Feb 11, 2016 12:00
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Comments 51
And I bet you the difference between Scotland and England's attitudes towards remaining in the EU boils down to there being far fewer immigrants and refugees up here in Scotland.
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I agree with your analysis.
Also, they should call that 'the Gurgeh principle'.
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It put me in mind of the Asimov story Mirror Image, but now I see you say that, your fictional example is better.
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But also feel that the government advice is on really, really shaky grounds here.
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And I guess, it would funnel the entire "savings reinvested in the economy" through the government rather than bank lenders which would be a gigantic change.
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It also wouldn't solve the big problem here, which is systematic effects of the failure of large banking institutions. The impact on private savers of a large-scale failure can be politically important, but economically relatively small. Remember Lehman Brothers didn't deal with ordinary retail investors.
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