‘I was at the United Nations yesterday for something called “The High Level Thematic Debate on the State of the World Economy.”
Well, this is the U.N. He gives his impressions on his fellow attendees, reasonably:
‘My message, by the way, was very simple: Higher taxes won’t work. The “growth” vs. “austerity” debate in Europe is really a no-win fight between those who want higher spending vs. those who want higher taxes. The only good answer is to restrain spending with—you guessed it—Mitchell’s Golden Rule.’
Mitchell’s Golden Rule:
‘The private sector should grow faster than the government’
But that’s probably where Europe is, politically, at least, if we’re lucky (nowhere near having the private sector grow faster than the government).
Related On This Site: Have you downloaded the apps…and the concepts of Enlightenment and post Enlightenment liberty that can lead to runtime errors and fiscal failure? Sachs and Niall Ferguson duke it out: CNN-Fareed Zakaria Via Youtube: ‘Jeff Sachs and Niall Ferguson’
Martha Nussbaum and Amartya Sen have plans for America and India, and it involves much more state involvement here in America: Amartya Sen In The New York Review Of Books: Capitalism Beyond The Crisis
The endlessly perfectible state?: Francis Fukuyama At The American Interest-’The Two Europes’
Youtube Via Libertarianism.Org-David Friedman: ‘The Machinery Of Freedom’
