TLR 178: Being for the Benefit of Mr. K

August 24, 2016
This issue has one focus, namely the government budget. However, in order to explain the extraordinary phenomenon of the biennial, or two-year, budget that is being legislated, I have delved into the weird and wonderful history of this Israeli invention, which dates back all the way to 2009. Like most things first employed in economic policy during and after the global financial crisis, no-one would have believed that this ad hoc and emergency measure would take on a life of its own and becoming a semi-permanent fixture of economic management. Yet here we are, with the most carefully-planned version of a biennial budget yet to be attempted.

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Vox populi, vox dei

Vox populi, vox dei

June 24, 2016 In the era of democracy, this slogan — “the voice of the people (is) the voice of God” — has come to be understood as a positive, almost exalted idea. Even in a secular age — or perhaps precisely in that environment — the concept of the people and their collective wisdom, expressed through a democratic process, […]

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