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"... Bankers sigh at the prospect, but admit that a new bubble must be inflated, in the housing market or elsewhere, because an artificial market is better than no activity at all.
"If the new Help to Buy scheme has the right effect — and the big lenders are effusive about its potential — house prices will race away again, just like the stock market. 'Stimulus now' is meant to fast forward tomorrow’s spending to today — and hang the unfortunate side effects.
"It means that some people can sit back and enjoy a new boom. But when the Bank of England’s money-printing machine is finally stilled, we must hope this grand experiment is not followed by another bust."
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