Since the rise of the governmental sector as a major component of the economy at the time of President Franklin D.

FORBES: The Modern Cycle Of Economic Boom And Bust

The ready lesson to be taken from the Great Moderation is that the single greatest era of good, stable growth in the modern era occurred in an environment where the governmental sector was if not in retreat, then in a posture of self-criticism and restraint.

FORBES: The Modern Cycle Of Economic Boom And Bust

It also applies to 403(b) retirement plans for the non-profit sector and governmental 457 plans.

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