The Greatest Ponzi Scheme on Earth by Les A. Rubin & Daniel J. Mitchell
Author:Les A. Rubin & Daniel J. Mitchell
Language: eng
Format: epub
Publisher: Forefront Books
Published: 2024-03-19T00:00:00+00:00
The common thread for Switzerland, Hong Kong, Singapore, and Taiwan is that government spending is constrained. This is the key point. When government takes less from the private sector, either by taxation or borrowing (or printing money), more is left in the productive sector to invest and grow.
Short-Run Success Stories
The ideal scenario is to have good long-run fiscal policy, which is why nations such as Switzerland and Singapore are good role models. But it also can be instructive to look at what happened when governments engaged in briefer periods of genuine spending restraint. Following, we will review some of the more prominent examples.
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