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

Odd Lots

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Navigating the Pendulum of Public Spending and Political Credibility

This chapter examines the intricate relationship between public attitudes towards government spending and the evolving political landscape, where short-term sacrifices are made for potential long-term gains. It also delves into the cyclical trends of political choices in a two-party system, contrasting politician popularity with the credibility of state institutions, with echoes of historical examples like the Soviet Union.

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