It is remembered not least for turning the by-now-traditional second-act betrayal into something altogether more rich and strange.

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The biggest single change would be the elimination of the Alternative Minimum Tax, a parallel version of the income tax that was introduced in 1969 to ensure that rich Americans could not avoid paying tax altogether by taking too many deductions.

ECONOMIST: Tax reform

Moreover, many emerging markets remain desperate for fresh finance, and rich-country governments worry that the private sector might turn off the tap altogether.

ECONOMIST: From bail-out to bail-in