The events in Brussels and Washington yesterday are indeed dramatic but the substance is mundane: what is the mechanism whereby some taxpayers are persuaded to part with more of their money and others to receive fewer services from governments, in order that the mathematics of public finance balance?
Hamish McRae: Don't get too comfortable, Britain. Our own fiscal correction has barely begun - Hamish McRae, Business Comment - The Independent
Seeded on Thu Jul 21, 2011 11:50 PM EDT

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