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Are you curious about how the government’s borrowing habits can influence the entire economy? Wondering how it affects interest rates, investment, and ultimately, your own financial well-being? Let’s delve into the fascinating world of the loanable funds market and explore the consequences of the government becoming a borrower.In a nutshell, this article sheds light on […]
The budget’s huge outlays will stretch our pandemic fiscal expansion into next year’s election season. Given the risks of a sustained big-state policy, put it down to a political preference
Inflation is the unkindest cut of all, for it acts as a regressive tax. It mostly hurts those who have the least to get by. As it also has its set of gainers, it results in reverse redistribution—from the poor to the rich. And since that’s untenable, we must treat it with the urgency it deserves.
Payment of 1 trillion yuan (US$158 billion) will give Beijing more cash to work with as it shuns overblown stimulus measures but aims to increase the national gross domestic product (GDP) by 5.5 per cent this year.
