The Edmondson Blog

Economic Theory

An occasional explanation of modern Economic Theory,
Part 86 - Rome, 1st century BC.

The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance.
Marcus Tullius Cicero

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