Over the last decade, economists seemed to share a broad consensus about economic policy, with the old splits between monetarists and Keynesians apparently being settled by events. But the Great Recession of the last two years has changed everything.
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Nationality: British Type: Businessman Born: November 27, 1950 |
The fate of every democracy, of every government based on the sovereignty of the people, depends on the choices it makes between these opposite principles, absolute power on the one hand, and on the other the restraints of legality and the authority of tradition.
I always wondered what hearing one's own obituary might sound like, and I sort of feel like I may have just heard part of it at least.