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James K Galbraith : In Defense of Deficits

thenation.com

3 points by d4rt 16 years ago · 1 comment

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d4rtOP 16 years ago

I submitted this because it's a different viewpoint to those I've seen previously.

The point that countries with debt denominated in their own currencies are in a stronger position than others is valid, but I question the assertion that if inflation becomes the order of the day that there will always be buyers for sovereign debt.

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