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Dear Economist: Is the credit crunch suitable for children?

By Tim Harford

Published: December 12 2008 20:23 | Last updated: December 12 2008 20:23

Dear Economist,
My young son came home from school and asked me: “Mummy, what’s a credit crunch?” How can I explain this to a five-year-old?
Ms LG, London

Dear Ms LG,

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