DEFINITION of ‘Rubinomics’
Rubinomics is an economics discipline founded by Robert Rubin that focuses on the impact of a balanced budget on long-term rates of interest. It is a combination of the words “Rubin” and “economics. Robert Rubin was the Secretary of the Treasury under former President Bill Clinton from 1995-1999. His primary focus was balancing the U.S. budget and its effect on long-term interest rates. This approach tends be concerned with the effect that deficits have on inflation over the long term.