"Whether Theresa May had stabbed has stabbed the former Mayor of London in the back and Michael Gove had stabbed him in the front. That's about it. It makes House of Cards look like Teletubbies."

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There are two definitions of deflation. Most people think of it simply as prices going down. But debt deflation is what happens when people have to spend more and more of their income to carry the debts that they've run up - to pay their mortgage debt, to pay the credit card debt, to pay student loans.

— Michael Hudson