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Economics

Lead us not into a recession

JMK prescribed that governments should tighten the public purse and pay off debts during boom times. Yes, the Australian government is doing that now - but in the midst of a slowdown/deflationary time.

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Read more: US,  Australia,  GDP,  Gov Glenn,  China,  June,  JMK,  AOFM,  Beijing,  The Economist,  Australian Office of Financial Management,  John Maynard Keynes,  National Accounts,  National Reform Summit,  Paradox of Thrift,  UK