Economic Insights – June 2013
We know from experience that when the government shrinks as a share of GDP, the economy starts to pick up. Federal spending has fallen from more than 25 percent of GDP to 22 percent, creating more room for the private sector.
This means entrepreneurship will have a more pronounced, and positive, economic impact on the economy. And you can expect gold to fall, while bond yields, the dollar, and stock prices will rise.
Deficits and debt are still a problem, but things are rapidly getting better. Tax revenues are up sharply and we .....