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Unread 03-15-2021, 11:49 AM
conny conny is offline
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Join Date: Mar 2001
Location: UK
Posts: 1,843
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also,

as an ex gilt trader i 'd like to point out that the 1833 buy-back
was a watershed in government finance. some thought it was
going to be a total disaster: as it turned out it was the first, and most
spectacular, example of fiscal stimulus. the way it was done put
rocket fuel into Imperial expansion. it did nothing for the slaves
obviously, but if anyone needs an explanation of how we reached
the imperial zenith (of about 1880) the buy-back was how it was
achieved.
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