In East Germany (the old German Democratic Republic), there were two regions which were unable to pick up TV and radio signals from West Germany (the old German Federal Republic). Broadcasters in the west were mindful of the propaganda effect of portraying the capitalist lifestyle to their communist neighbours so used powerful broadcast antennae to make sure
Excellent piece Charlie. It seems central bankers and supranational bankers have all forgotten the crowing out advice from Hume, Smith and Hamilton. They will undoubtedly save the public sector, at least in the near term, at the risk of private capital. Deflation anyone?
Excellent piece Charlie. It seems central bankers and supranational bankers have all forgotten the crowing out advice from Hume, Smith and Hamilton. They will undoubtedly save the public sector, at least in the near term, at the risk of private capital. Deflation anyone?