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  • Basically a post-hoc rule of thumb to make sure banks are lending responsibly. It’s largely bullshit these days, but still grips common knowledge.

  • The eternal rentier problem..

    Re the multiplier.. My non expert opinion is that it is a conflation of the mysteries of money and how it transmits through the world we live in

  • Yep, pretty much. A conflation of financial capital and actual capital/real stuff. Money is just the technology we use to determine distribution (edit: and creation) of real wealth.

    Not that the tories know that…

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