Economics from the school of Groucho Marx

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This is in the Guardian this morning:

All fiscal rules are made up by Chancellors (or their equivalents) to suit their own purposes.

But here in the UK they don’t, on average last the life of a parliament.

So, any chancellor might say, here is my fiscal rule, but I have others available if needed.

I believe this is economics from the school of Groucho Marx.

 


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