Society, Politics & Law
Why we no longer need melted-down bracelets to make bullets (or build roads)
...out of big banks that nearly crashed during the Global Financial Crisis, and the shrinkage of the tax-base in the downturn that followed, UK public debt has reached 85.8% of GDP. That’s perilously close to the 90% of GDP, above which public debt can become a serious constraint on the economy’s future growth, according to influential economists Carmen Reinhart and...