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September 18th, 2013
Surprise among the spendthrift nations
by Richard Rahn (“The Washington Times”, Tuesday, September 17, 2013) […]
America and the West lead the way to the bottom of the list
The good news is that there are more countries managing their economies in a fiscally responsible way than there were two years ago. Fiscally responsible means keeping average annual deficits less than average annual economic-growth rates, keeping net debt from exceeding one-third of gross domestic product, and maintaining a relatively small government. The bad news is …
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