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28min chapter
MacroVoices #415 Tian Yang: Fiscal, Sisyphus or Hercules
Macro Voices
US Economy: Fiscal Deficits and Government Support
This chapter analyzes the current state of the US economy, focusing on fiscal deficits and the dependence on government support. It discusses the role of the US government in boosting economic growth and creating jobs, as well as the unusual divergences in tax receipts compared to nominal GDP. The chapter explores the unique environment we are currently living in and the implications of dependence on government support.
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