It also ignores the considerable value of services derived from the physical, biological, and chemical processes in natural ecosystems, including nutrient recycling, flood risk reduction, water cleaning and storage, climate regulation, and maintenance of biodiversity.
This broke a taboo on the restructuring of debt to multilateral agencies, and set up a framework for systematic debt reduction in return for overdue economic house-cleaning.
Could the government continue to operate with a top marginal tax rate of 14 percent, even if we were to follow the Reagan example of cleaning up the tax code as a part of a massive reduction in taxes on upper earners?