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7 June 2013updated 26 Sep 2015 1:17pm

Broke by David Boyle and When the Money Runs Out by Stephen D King: The broken mirror of money

Finance, like fiction, needs a narrative. Money being a belief system - it is always possible to believe our way out of a crisis.

By Bryan Appleyard

Broke: Who Killed the Middle Classes?
by David Boyle
Fourth Estate, £14.99, 352pp 
 
When the Money Runs Out: the End of Western Affluence 
by Stephen D King
Yale University Press, £20,  304pp

Money is a mirror. When we are happy, it dances, sings and races round the world. When we are frightened, it flees, trembling, seeking a place to hide. When we are sad, it sinks into dark, melancholy pools of mistrust. We are, according to Stephen D King, now sad and money lies inert, indolent.

Those who once gazed most confidently in the mirror of money, the middle classes, dare not look. Their pensions have shrunk; their children cannot afford a home; their hard work, their talents and their qualifications earn them next to nothing compared to the City shysters, while their small businesses pay taxes that are gleefully evaded by foreign multinationals. They are, according to David Boyle, dying.

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