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The sovereign, being sovereign, can spend as much as it likes, when it likes.

Not in the continent we live in, courtesy of the Maastricht Treaty.

Unless by "the sovereign" you understand the ECB.

We have managed to legislate ourselves into an absurd neoliberal/Austrian nightmare.

Economics is politics by other means

by Migeru (migeru at eurotrib dot com) on Sun Aug 14th, 2011 at 04:14:36 PM EST
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