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Tuesday, April 19, 2011

"To Spend is To Owe?"

Government spending and government debt across countries:

To spend is to owe?, by Lane Kenworthy: A high level of government spending doesn’t necessarily produce heavy government debt. Nor does low spending guarantee low debt. Debt levels are a function of government expenditures and revenues and economic growth.

    Posted by on Tuesday, April 19, 2011 at 12:33 AM in Budget Deficit, Economics, Fiscal Policy | Permalink  Comments (29)


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