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The Great British Inflation
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American bank become bonds borrow Britain British businesses capital equipment cent citizens competitive consumers consumption costs and prices countries cracies crises currency debt decurions demands democratic democratic governments depreciation devaluation dirigisme economic growth efficiency employers expand exports faster finance fixed interest flow of money forced France freedoms full employment future Germany increase individual industrial democracy inflation Keynes labour long-term markets material ment mixed economies modern industrial monetary money and credit money incomes myth needs nomic open market operations penal political post-war pound sterling pressure-groups price level private enterprise productive capital programmes progress progressive taxation purchasing power purchasing-power rapid reliable rise Russian savers saving and investment secure short-term social Socialist society sound money spending stable State's sterling area subsidies supply of money taxation taxes term things three quarters tion totalitarian trade unions trilemma vested interests wages welfare