The “rolling” nature

London – As early as his “emergency budget” of June 2010, Osborne stated that “unless we [the UK] deal with our debts there will be no growth”. Readers of course will know, as do all Keynesians, that the reverse of Osborne’s statement is true: unless countries can stimulate growth, they are unlikely to be able to pay off their debts. In fact, they are more likely to have to borrow more to pay the ...