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What would a British “It’s A Wonderful Life” have looked like?

For starters, George Bailey would have been a councillor

By Duncan Weldon  

Frank Faylen, James Stewart and Donna Reed on the set of It's A Wonderful Life. Photo: JT Vintage/Zuma Press/PA Images

In the run-up to this Christmas, like most years, I watched It’s A Wonderful Life. And this year, like most years, I then annoyed my friends by noting at the end that under any reasonable system of financial regulation, George Bailey was still going to jail. The moral here is “don’t watch Christmas films with an economist,” you’re setting yourself up for a lecture on either the proper workings…

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