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August 3, 2012

Mitchell’s Golden Rule

Filed under: Uncategorized — jrials @ 12:37 pm

 

Good fiscal policy exists when the private sector grows faster than the public sector, while fiscal ruin is inevitable if government spending grows faster than the productive part of the economy.

http://danieljmitchell.wordpress.com/2011/10/30/mitchells-golden-rule/

 

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