Tuesday, March 13, 2018

AIER: Why Fiscal Warnings Fall on Deaf Ears

From the American Institute for Economic Research:
Why Fiscal Warnings Fall on Deaf Ears: The most profound and important insight from Miron's contribution is the political resistance to sufficient spending cuts, which are unavoidable, since neither higher taxes nor higher growth provide a path to solvency.

Solow Model from Wolfram

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