UK Inflation below zero for the first time since 1960
UK Inflation below zero! Why? i guess excess capacity+Technology improvements = prices go down & downWe are being afflicted with a new disease of which some readers may not yet have heard the name, but of which they will hear a great deal in the years to come – namely, technological unemployment. This means unemployment due to our discovery of means of economising the use of labour outrunning the pace at which we can find new uses for labour.
John Maynard Keynes 1930
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