Politics vs Economics: What Politicians Misunderstand About Markets
Many Happy Returns
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The Importance of 2% Inflation
The Bank of England's 2% inflation target has become the accepted wisdom. But wages today are still where they were 15 years ago in real terms, he says. The theory here would be that wages will keep up with inflation, but asset prices won't,. Over time, you're kind of rebalancing towards workers, people earning a living rather than living off asset returns.
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