Or does it just enable greater borrowing?
Footnote 1: with net borrowing -> while net borrowing
Love your Augustinian analogy. Really didn't see where you were going with it till you got there!
I sadly can't claim to have invented it!
This is a very good article and explains very well why we never get out of debt.
Thank you!
Really appreciate the analysis. I shall revise my policy evaluation accordingly!
I was kind of hoping for some kind of conclusive finding like 'this is true under the Tories, but not under Labour' but Thatcher's impressive ability to simultaneously cut both taxes and the deficit helped blow this out of the water.
Footnote 1: with net borrowing -> while net borrowing
Love your Augustinian analogy. Really didn't see where you were going with it till you got there!
I sadly can't claim to have invented it!
This is a very good article and explains very well why we never get out of debt.
Thank you!
Really appreciate the analysis. I shall revise my policy evaluation accordingly!
Thank you!
I was kind of hoping for some kind of conclusive finding like 'this is true under the Tories, but not under Labour' but Thatcher's impressive ability to simultaneously cut both taxes and the deficit helped blow this out of the water.