Debt, where is thy sting? The long march to angrynomics

Thirty years ago, these financial truths would have been seen as self-evident. First, profligate governments pay a price in terms of higher borrowing costs. Second, the magic combination of economic policy would be to keep both inflation and unemployment low; that would keep the voters happy.

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Philip Coggan

Former Economist and FT columnist. Author of More, Paper Promises, The Last Vote and The Money Machine