With bank debt at 2 trillion
causing debt deflation, a slump in output, supermarkets losing profits because of poverty, a slump in output, a massive trade deficit that requires a massive boost of sovereign currency issue, I would say he is in the neoliberal mold, not the Labour one, and probably not that competent.
Not exact matches
This seems self - defeating, because monetary
deflation will
cause financial distress, aggravating the bad -
debt crisis and spurring financial outflows.
'' — Phase 4: Instability after 1929
caused by
deflation of assets from overpriced levels and exacerbated by excessive
debt levels, leading to depression of economic activity.