CZ:Featured article/Current: Difference between revisions

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imported>Chunbum Park
(Fiscal policy)
imported>Chunbum Park
(silent letters)
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'''Fiscal policy''' encompasses [[public expenditure]], [[taxation]] and borrowing. Its essential function is  the provision of [[public good]]s and [[Services (economics)|services]]. It is also  used to influence  social conduct and the distribution of wealth, and to promote the growth and stability of economic activity. It can require a compromise between the objective of maintaining investor confidence in the government's bond issue and the longer term objective of preserving and developing the country's  economic [[infrastructure (economics)|infrastructure]], its [[human capital]] and its [[social capital]].
'''Silent letters''' constitute a notorious phenomenon '''in English''': in '''wréstle''', for example, only four out of the seven letters are actually sounded (*résl), and there can be strings of them in place names, exemplified by the trio '''Léicester, Glóucester''' and '''Worcester''', pronounced '''Léster''', *Glóster and *Wùster. (''The accents show stress and pronunciation, see [[English spellings]]; * is placed before an incorrect spelling.'')


===Introduction: the fiscal stance===
Silent letters can be misleading, as in '''T'''ha'''îland''' and '''î'''s'''land''', which rhyme, or they can be easy to ignore ("redundant"), as in w'''róng''', '''y'''e'''ôman''', and '''lô'''w.  
A government's fiscal stance is the outcome of multiple choices concerning [[public expenditure]] and [[taxation]] including, in particular, the choice of the [[fiscal  balance]], which is the choice that has to be made between financing expenditure by taxation and financing it by borrowing.
The fiscal balance choice is concerned with the resolution of the sometimes conflicting objectives of financial stability and economic growth known as the [[/Tutorials#The fiscal dilemma|fiscal dilemma]].  


''[[Fiscal policy|.... (read more)]]''
They can serve to distinguish between words that sound the same:
 
'''knôw''' ''knowledge'' = '''nô''' ''negative
 
'''knót''' ''tie'' = '''nót''' ''negative
 
'''wráp''' ''parcel'' = '''ráp''' ''knock, talk
 
'''wrîte''' ''read'' = '''rîght''' ''correct'' = '''rîte''' ''ritual
 
'''chéck''' ''verify'' = [[British English|BrE]] '''chéque''' ''money
 
''[[Silent letters in English|.... (read more)]]''


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Revision as of 05:33, 1 December 2012

Fiscal policy

Silent letters constitute a notorious phenomenon in English: in wréstle, for example, only four out of the seven letters are actually sounded (*résl), and there can be strings of them in place names, exemplified by the trio Léicester, Glóucester and Worcester, pronounced Léster, *Glóster and *Wùster. (The accents show stress and pronunciation, see English spellings; * is placed before an incorrect spelling.)

Silent letters can be misleading, as in Thaîland and îsland, which rhyme, or they can be easy to ignore ("redundant"), as in wróng, yeôman, and lôw.

They can serve to distinguish between words that sound the same:

knôw knowledge = nô negative

knót tie = nót negative

wráp parcel = ráp knock, talk

wrîte read = rîght correct = rîte ritual

chéck verify = BrE chéque money

.... (read more)

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