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Economic policies that work - for governments and families

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Historian Paul Johnson writes in Forbes -

Expenditure must not exceed income if possible; debt should be acquired reluctantly and liquidated as soon as can be; and, above all, there should be a continual and indefatigable effort to save and to invest sensibly.

The West became rich and powerful following these rules.

And a few others. Recently the British and American governments have done exactly the reverse. How will we pay back billions and trillions in debt?

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