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The author argues that periods of plenty are the best time to prepare for eventualities by cutting back on unnecessary government activity and placing economic freedom on more solid foundations. He warns that the present phase of high worldwide economic growth is likely to peter out before too long.
The author posits that periods of economic prosperity are the optimal time to implement fiscal prudence and reduce government overreach. He contends that current global economic growth is unsustainable and will soon decline, making it imperative to strengthen economic freedom and prepare for future challenges by cutting unnecessary government activities.
The book presents a clear thesis on the importance of fiscal responsibility during economic booms, advocating for reduced government activity to build a more resilient economy. The author's perspective suggests a focus on long-term stability over short-term gains, warning against complacency in times of prosperity. The arguments likely appeal to those interested in free-market economics and conservative fiscal policy.
Page Count:
118
Publication Date:
2000-01-01
ISBN-10:
1864320532
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