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This Is Why It's So Hard To Cut Public Spending

Odd Lots

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Exploring the Roots of America's Economic System

This chapter explores the historical context of the United States' political economy, focusing on the persistent budget and current account deficits that have emerged since the 1980s. It highlights the complexities of this economic structure and the repeated misjudgments regarding its sustainability, emphasizing the need for a deeper understanding rather than simplistic solutions.

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