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Is pain aversion a good basis for the country's economic policy?

Type: Think PiecesWritten by Jon Moulton | Friday 03 December 2010

Jon Moulton is a top businessman and insolvency expert. In this think piece, adapted from a speech to the Economic Research Council, he argues that the government's current policies amount to a deferral of pain onto the next generation through borrowing and artificially-low interest rates. This will ultimately lead to much worse pain in the long run. 

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