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POLITICS: Bulgaria and the 20th Theorem of Government – USSA News – U-S-NEWS.COM
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POLITICS: Bulgaria and the 20th Theorem of Government – USSA News – U-S-NEWS.COM
My 20th Theorem of Government is based on the very simple – but empirically rigorous – premise that the key fiscal variable is spending growth. If government is restrained, there are inevitably good outcomes. If government grows rapidly, there are inevitably bad outcomes. My only positive examples of spending restraint have been Greece and the Netherlands. And in the case of Greece, I was grading on a curve since I was highlighting a five-year p…
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