In my earlier post on fiscal policy, there is a mistake on point #1. I failed to correctly distinguish between “total return” and “rate of return per annum.” As the post read, it referred to the latter when it should have referred to the former. Apologies! Sometimes when I am traveling I don’t get to give posts enough rereads and am then more prone to errors; that is an explanation but not an excuse.
Published on March 14, 2013 12:29