Putin's Revenge
The News Agents
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Treasury Orthodoxy Is Coming Back Into Fashion
Treasury Orthodoxy seems to be coming back into fashion. It sends a signal to the markets that the Treasury, old way of thinking, which is basically sound money, is back in vogue. The idea of tax cuts up fronts funded by borrowing, there's something that's been knocking around in Tory think tax for a long time, but it's never even been tested in reality. If you take a blurbig hole in the public finances, there are only two ways you can fill the hole in and reassure the markets - cut spending or boost growth. Lots of governments know how to boost growth,. but those things don't do it because they're too political hazardous. So they have
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