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October 07, 2004

Economic Truths.

From the Torygraph:

The paradox of incapacity benefits is that they make people ill. As the Bank of England found in a recent study, the more the benefits are raised, the more people seem to become incapable of work.

Lessee. What was it we learnt on page two of the GSCE book? An increase in prices leads to an increase in supply?

October 7, 2004 in Economics | Permalink

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