The financial revolution that swept the world over the last two decades seemed to sever the link between representative government and public finance. Derivatives and other complex financial instruments seemed to offer a way to circumvent citizens’ responsibility for expenditure to which they had consented.
但在过去20年间席卷了全世界的金融革命似乎切断了代议制政府和公共财政之间的联系。金融衍生物以及其他复杂金融工具则提供了一条路径，让政府得以绕过公民的批准来进行消费。