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David B. Smith
16 March 2011
4 comments

With total non-oil taxes equivalent to more than 78% of residual private-sector GDP measured at factor cost once government spending has been subtracted, the British economy is probably now on the...
David B. Smith
5 November 2009
6 comments

There seems to be near-lunatic policy inconsistency between the employment of the controversial and potentially dangerous policy of quantitative easing to boost broad money and credit, and the...
David B. Smith
10 June 2009
2 comments

Britain now faces one of the most serious fiscal crises in its peacetime history. One reason is that the UK is now caught up in a sudden and severe international recession. However, the government...
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