Rubinomics

Definition

A term that is used to describe the impact of a country's budget on long-term inflation rates. The term is a combination of the name of the Secretary of Treasury, Robert Rubin who served under President Bill Clinton's administration and "Economics (Rubinomics). It highlights the need for government spending to match tax and the fact that an imbalance in government spending and cuts can have negative effect on inflation rate in the future.
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rubber stamp rule