ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Ram Janmabhoomi Comes to Milton Keynes

susceptible to what economic theory describes as 'moral hazard': if you are insured against a risk, you have no incentive to take steps to minimise it. And, in the name of realpolitik, the public sector guardians of financial order not only looked the other way, but joined the game.

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