Why Specifying r, g Makes No Sense Whatsoever — Brian Romanchuk

Summary:
I ran across yet another article discussing how the r>gcondition constrains fiscal policy. (For those who are not big fans of this stuff, that means that the long-term average real rate of interest is greater than the long-term real GDP growth rate.) I explain in this short post why any analysis that is premised on these concepts makes no sense.... Bond Economics Why Specifying r, g Makes No Sense WhatsoeverBrian Romanchuk

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Mike Norman considers the following as important: r>g

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