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Michael Pettis on the mechanics and politics of trade

FT Alphachat

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Should the US Government Invest in Infrastructure?

Matt Klein: Should the investment program of the US government be driven by the inability of foreigners to consume everything they produce? He argues that if you believe there is a role for government investment, there's a very strong argument for the government doing it now. "I want to keep this discussion politics-free in that sense," he says.

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