Thomas Piketty (l), Paul Krugman (r)
Who can solve the Obama economic crisis? Paul Krugman and Thomas Piketty (French) get a lot of ink in the liberal media, but Marxist-oriented data distortion and income re-distribution abuse can hardly lead to a re-birth in the American economy.
What America needs right now is lock-step adherence to the Golden Fiscal Rule of Economic Growth.
Who has the answer for America? Who has developed the Golden Fiscal Rule for economic growth?
The Cato Institute’s Dan Mitchell has developed the Golden Fiscal Rule.
And Dan’s equation is so simple and so contrary to the thinking of progressives that it is scary.
Over time, government spending must be slower than growth in the private economy. It is clear to me that Congress can mandate that Mitchell’s Golden Fiscal Rule be hardwired into our American system. All Congress needs do is mandate that growth in spending is at a rate below trend growth in the economy. American voters can help insure success by selecting candidates who will vow to enforce Mitchell’s Golden Fiscal Rule.
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