But I must win the prize for being the biggest Christmas policy dork. I make this confession freely because there’s no other explanation for being very happy about this present from my girlfriend.
The Golden Rule, for those who have not endured my haranguing on the topic, is the common-sense notion that good fiscal policy is achieved when the burden of government spending shrinks compared to the size of the private sector.
And that occurs, needless to say (but I’ll say it anyhow), when government spending increases slower than the growth of private output.
Unfortunately, I fear government will grow far too fast in 2014, in part because of the Murray-Ryan budget deal that replaced automatic spending cuts with back-door tax hikes.
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for July 11th, 2014 | John Ransom
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for July 9th, 2014 | John Ransom