Wednesday, December 14, 2016

Principles of Economic Design: Rising is Good but High is Bad

Principles for the design of Economic Policy:

Rising is good. High is bad. Falling is only bad if debt is high
Repeat after me: Rising is good, but high is bad. Rising is good, but high is bad...

Definitions for today's post:
  •  "Good" = People are happy with the economy.
  •  "Bad" = People are not happy with the economy.

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