A theory is appropriate as long as it fits into the fact; when a theory doesn't fit in the fact, it's wise to walk with the fact.
Tuesday, August 2, 2011
In Defense of Government Borrowing
Mr. Ahsan Mansur, Executive Director, Policy Research Institute (PRI) covers government's record borrowing in FY2011 using proper statistics in his article in the Financial Express. He sees no harm in it!