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June 8, 2023
Bank of England Economist: Britons Need to Accept That They’re Poorer
By J.R. MacLeod
Although the Bank of England is largely responsible for inflation in the UK, its leaders blame British consumers and workers for the price increases.

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Crowding Out: The Fed May Be Killing the Private Sector to Save the Government
By Daniel Lacalle
A "soft landing" is impossible unless the government cuts both taxes and government spending at the same time interest rates are rising. This won't happen, so get ready for a hard landing.

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