3 ms·
Clamping the rate of growth of the spending to the rate of growth of the revenue is not a fix if the spending is already much higher than the revenue.
by anonymoushn 14y ago
Clamping the rate of growth of the spending to the rate of growth of the revenue is not a fix if the spending is already much higher than the revenue.
- yummyfajitas 14y agoIf wages grow faster than inflation [1], then the revenue will rise faster than spending. [1] Note that I chose a true inflation measure rather than chained CPI.