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Offer: public investments occur where profit is not possible, and usually have long break-even horizons. Private finance requires certainty. #oxeshfacseminar #econhist #twitterstorians #econtwitter
Example 1: the UK’s private finance initiatives (PFI). Was this corrupt? It was intended to take debt off the government balance sheet. The projects haven’t been assessed for value-for-money. #oxeshfacseminar #econhist #twitterstorians #econtwitter
