"Econ 102" with Noah Smith and Erik Torenberg cover image

Why the Next Age of Globalization Will Be Awesome, a Cheaper US Dollar, and Reducing the Deficit

"Econ 102" with Noah Smith and Erik Torenberg

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The Politics of Austerity: Shifting Perspectives

This chapter explores the changing views on austerity and fiscal policy among political parties influenced by public sentiment. It delves into the risks of government borrowing, the complexities of national debt, and the potential for austerity to spur growth under certain economic conditions.

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