IN THE MEDIA

July 2017

How many times have you heard a finance minister say he/she has to raise taxes to pay for public services? How many times have you heard politicians talk about the need to cut spending? Or to balance budgets? Or for countries to live within their means? And how many times have you heard governments declare there’s no money left? Or that further spending would require ‘a magic money tree’?

Today’s world of internet-driven mass media, can give us some perspective of how it must have felt with the rise of radio broadcasting in the 1920s and 1930s. Having been used to our news coming from limited sources, we are suddenly inundated with voices from a seemingly infinite number of outlets. The net effect is that important events tend to get submerged in the tidal wave of information.

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