Brief Money, Money Everywhere
Rudolph G. Penner
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[The Milken Institute Review] Every budget forecast is built on assumptions that don't prove correct. When the forecast is on target, it's unusually the lucky result of having the errors offset each other. But in the past seven years, the errors have almost all gone in one direction - and the result has been gargantuan misses on the side of pessimism.
Research Areas Economic mobility and inequality Education Health and health care
Tags Fiscal policy