57. How to fix UK growth, why economists fail, and restructuring our economic institutions - Andy Haldane
The Rest Is Money
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Financial Crisis and Government Bond Rescue Plan
The chapter explores a financial crisis triggered by falling government bond prices and a controversial mini-budget, resulting in a threat to pension funds and potential bank default. It discusses the Bank of England's response with a rescue plan involving government bond purchases, influencing the Prime Minister's decisions and raising concerns about the financial system's interconnectedness and governance.
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