For their part, some states are challenging the equalising allocation of value-added tax revenues.

ECONOMIST: No worries? | The

Armed with index funds and strategies like sector rotation, relative value and tactical asset allocation, these advisers all attempt to earn their keep by beating benchmarks net of fees.

FORBES: A Magical Tax-Loss Harvesting Machine?

He is now richer, the apple grower is now poorer, and the economy is worse off due to the central bank having distorted the natural allocation of value created through free interactions in the market.

FORBES: Value Destroyers Like Bernanke Fancy Themselves Magician Economists