Gordon Brown as the UK Chancellor of the Exchequer (Treasurer or Finance Minister) had a 'Golden Rule'. Balance the budget of current expenditure over the economic cycle. That is he, like all sensible governments, separate the current and capital components of the government budget.
The article below says 'maybe this is a good idea?' Well while it is rather late this is a welcome contribution to the public debate.
It is not bad to borrow to invest!
No comments:
Post a Comment