Who should pay for the recession? You do the maths

During the week, I posed the following question to a few people, including a well-known economist: who should pay for the economic recession?

5th July, 2008

During the week, I posed the following question to a few people, including a well-known economist: who should pay for the economic recession?

The state’s finances are in deficit; tax revenues are down by €3 billion for the year; and the deficit is certain to be very much larger for 2009, probably in the region of around €7 billion. So who should bear the burden?

There are three possible answers to this. One is...

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