Had this been a strike, under which the players would have chosen not to work, this argument would be invalid.

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Labour peer Lord Glasman said the party "show no signs of winning the economic argument" under Mr Miliband, in an interview with the New Statesman earlier this week.

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If you presented this kind of argument in class at my law school, people would probably start laughing under their breath.

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When I made this argument to a bond trader that I know, he told me that I was under pricing the ability to sell the bond, the liquidity feature of buying the treasury.

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