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Noah Smith: Deficit Hubris Looks Like the Next Economics Mistake


Those who now say debtdoesn’t matter are repeating the errors of those who said the Great Recession couldn’t happen. The 2008 financial crisis and the deep recession that followed taught the world to be more skeptical of macroeconomic theories. In the years leading up to that crisis, many leading macroeconomists displayed a startling amount

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Posted: March 4, 2019 Monday 07:30 AM