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The Spending Limitation Approach

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journal contribution
posted on 1989-05-01, 00:00 authored by Allan MeltzerAllan Meltzer

Proposals to balance the government budget or to limit taxes and government spending have appeared since the very earliest days of the republic. Thomas Jefferson's strictures about government debt, and Alexander Hamilton's principles of government finance are, or were, part of the familiar stuff of everyone's first course in U.S. history or civics.




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