Originally posted by Fungus
I posted an article here a few weeks back looking at Prescott's release of green belt land for housing; thus immigration manifests itself in the landscape and consumes our most scarce resource - land.
Anyway, the real test would be if Gordon intervened in any BoE decision to move interest rates up. It's possible this would be triggered by inflation, which in turn would be triggered by higher wage demands, which (stick with me!) are entirely likely given the squeeze on the middle classes with regard to taxes, energy costs and debt servicing.
I think i'll have rest from it now. Good night.
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