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Spenders' game

Posted on October 13, 2008

By David RobertsI'm no expert in macroeconomics. You probably aren't either. But there's a battle over macroeconomics shaping up, and everyone keen on shifting the U.S. toward sustainability has a vested interest in how it turns out. (Which is why I keep writing about it.) The question is how to react to the financial crisis and what increasingly looks like the global recession to follow. On one side, Republican lawmakers, laissez-faire economists, and the Very Serious keepers of Beltway conventional wisdom agree: time to tighten the belt. Trim spending. Avoid inflation. It's oh-so-regre...

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