Is the Deficit a Friendly Giant After All?.pdf.pdf' (173.41 kB)
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Is the Deficit a Friendly Giant After All?

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journal contribution
posted on 01.08.2011, 00:00 by Allan MeltzerAllan Meltzer

Much of the postwar fiscal history of the federal government can be written in three sentences: receipts have remained between 16% and 20% of GDP; spending as a share of GDP has increased persistently; a growing budget deficit is the result.

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01/08/2011

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