# Golden rule

- Canonical URL: https://www.gerhardmerk.de/golden-rule
- Post ID: 594236
- Modified: 2023-07-25T21:00:31+00:00
- Language: en

## Definition

In ethics, the guiding principle of all action, including action and inaction on the financial market: namely, to avoid doing to others what you would not want them to do to you (the precept of doing to others as we would have them do to us). - In fiscal policy, the requirement that public deficits must not exceed public investment. Violation of this rule threatens inflation and stagnation; proper monetary policy becomes impossible. - In the case of pension funds, the stipulation that interest on retirement assets not exceed the rate of inflation. - See deficit ratio, fiscal policy, fiscal referendum, monetary policy, monetary value, budget deficit, debt brake, Stability and Growth Pact. - Cf. Deutsche Bundesbank Monthly Report of April 2005, pp. 23 ff. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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