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The David McWilliams Podcast cover image

How to Destroy a Country: Venezuela with Noah Smith

The David McWilliams Podcast

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Economics: A Tug of War Between Schools of Thought

The ongoing debate in American economics highlights a divide between two major schools of thought: the Freshwater School and the Saltwater School. This divide has shaped economic discussions and decisions since the late 1960s, emphasizing the importance of understanding differing economic theories and their implications on policy-making.

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